Irma to test the ILS market

Hurricane Irma may no longer be the $100bn+ loss being discussed
five days ago, but it still represents a test on a scale the
insurance-linked securities (ILS) market has never faced
before.
Questions have always been asked about how the ILS space would
respond to a major event, with the traditional market quick to cast
aspersions on its willingness to pay claims and its ability to
reload post event.
Those questions will now be answered by the nascent
industry's response...