Harvey and Irma to spare FM Global reinsurers

FM Global has told its reinsurers that it expects its property cat
excess-of-loss and per-risk treaties to avoid losses from
hurricanes Harvey and Irma, The Insurance
Insider can reveal.
The surprise news strengthens a growing impression in the sector
that the major single-risk losses seen after other US cats like
Sandy and Katrina will not be a dominant feature of the recent
storms.
FM Global buys a cat tower attaching at around $500mn and an
inuring per-risk cover believed to...