Irma poses a risk to 13 cat bonds: S&P

Hurricane Irma poses a risk to 13 cat bonds, S&P Global
Ratings said today, based on its data and the storm's threat to
the US mainland.The 13 bonds include those that could be at risk of triggering or
incurring a reduction in the retention layer because of losses Irma
could produce.The $250mn Kilimanjaro Re 2014-1 class A notes are considered to be
at risk, with hurricanes making up 100 percent of the modelled
annual expected loss, including 92.2...