Fears grow over Nagico financial strength

Concern is mounting in the market that Nagico, the dominant
insurer in the Dutch Caribbean, will shoot through the top of its
reinsurance programme after St Maarten was devastated by Hurricane
Irma.
Caribbean cedants including Island Heritage, Colonial, Guardian
and Caribbean Alliance are all understood along with Nagico to have
made cash calls on their reinsurers, as is typical with insurers
that have cat quota shares.
RMS has estimated losses in the Caribbean
from the event at $10bn-$20bn, wit