Matthew will not disturb soft market drift

After causing a stir last week as a possible $20bn+ loss,
Hurricane Matthew's impact looks unlikely to extend beyond a
quarter's worth of earnings damage or have any meaningful
impact on reinsurance rates.
Significant uncertainty surrounds the ultimate size of the loss
as work begins to modify modelled results for the specific
elements, and efforts to disentangle flood and wind losses
commence.
Industry sources are preparing themselves for losses of
$5bn-$10bn, with some on the bullish side of t