Matthew losses trend down to manageable levels

Expected losses from Hurricane Matthew have continued to slide,
with the US wind-only tally potentially well short of $5bn and
all-in commercially insured losses unlikely to go far beyond the
$5bn mark.
Underwriting sources are increasingly relaxed about the
potential scale of the losses, with Florida and the Carolinas
subject to only Category 1 winds - sparing the coastline the
destructive Category 3 winds that were feared towards the tail end
of last week.
With anxiety about severe losses rece