Maria may be key 'surprise' for ILS investors: JLT Re

The size and location of industry losses from Hurricane Maria could
be the "surprise" for some insurance-linked securities
(ILS) investors that drives a transitional US property cat
reinsurance market in the lead-up to 1.1, according to JLT Re North
America CEO Ed Hochberg.
The executive told The Insurance
Insider that prior to Maria there was an expectation
that a floor might emerge on US property reinsurance pricing, with
loss-impacted programmes seeing an increase.
"My viewpoint was a functio