Lloyd's carriers wait on major Irma Caribbean losses

Lloyd's syndicates have started to receive claims from
insureds in the Caribbean following Hurricane Irma, with early
indications suggesting substantial losses that will also hit
European reinsurers hard.
As the storm approached the US and in the immediate aftermath of
its landfall the market's gaze was focused on Florida, where
(re)insurers have their greatest concentration of value.
But with damage in the US less severe than expected, greater
attention has been directed towards the Caribbean,