Irma could prompt market correction: Kent

Hurricane Irma's current track could "fundamentally
change the market", according to Willis Re CEO-designate James
Kent.
Speaking at The Insurance
Insider's Pre-Monte Carlo Rendez-Vous event in
London earlier today, Kent said while it was too early to say if
landfall was guaranteed, the Category 5 storm could prompt a
rethink from reinsurers.
"It's worth recalling that Katrina was closely followed
by Rita as a major hurricane, which made landfall in rural Texas
resulting in a minor loss," he sai