Hurricanes to prompt 'material' rate rises: Jefferies

Reinsurance prices are set to rise materially in the wake of the
hurricanes Harvey, Irma, Maria and the Mexican earthquake,
according to Jefferies.
Analyst Philip Kett said in a note today that given the losses,
he expects that Lloyd's could report a combined ratio of 112.5
percent for 2017.
The price rises will first be felt in the run up to 1/1
reinsurance renewals, said Kett.
The figure is based on Lloyd's own estimate for the cost of
hurricanes Harvey...