Shares drop in US and Bermuda P&C sector on Irma fear

Shares of property and casualty (re)insurers in Bermuda and the
US dropped as projected losses from Hurricane Harvey continued to
mount and Irma emerged as a Category 5 hurricane bearing down on
the Caribbean.
Validus and Aspen fell as much as 7 percent in midday New York
trading. Everest Re and Renaissance Re followed closely with losses
of about 6 percent each while Axis Capital was not far behind,
losing as much as 5.7 percent.
The declines followed early double-digit...