Irma 'poses risk' to 13-S&P rated cat bonds

Hurricane Irma poses a risk to 13 cat bonds rated by S&P
Global Ratings, the ratings agency said today.
It issued the warning using its own data and taking into account
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...