Reinsurers to face Bahamas losses from Matthew

Reinsurers are likely to pick up losses via Bahamian carriers
following the devastation caused in the region by Hurricane
Matthew.
Matthew ripped through the islands as a Category 4 hurricane on
Thursday (6 October), causing considerable damage to the high-end
resorts of Freeport and Nassau.
Catastrophe modelling agency RMS said on Saturday (8 October)
the modelled scenario in wind-only claims for the Bahamas could
reach $5bn.
The firm said the smallest modelled Bahamas scenario stood at
less th