HIM 'more than an earnings event' for carriers: Hancock

Hurricanes Harvey, Irma and Maria (HIM) will trigger capital
reallocations at some insurers but will not jeopardise the solvency
of Lloyd's carriers, according to Lloyd's director of
performance management Jon Hancock.
Speaking at a Lloyd's reception at the Baden-Baden
reinsurance meeting, Hancock said the commercial and reinsurance
sectors would likely post an underwriting loss as a whole in 2017
following the catastrophes.
"But the losses are certainly absorbable," Hancock
said. "They are more