Hermine became the first hurricane to make landfall in the state of
The companies with the five largest homeowners' exposure in
Market share dynamics in
The limited history for most new primary companies means that their balance sheets and operating infrastructures are untested by any large loss experience. Also, the ability for these companies to quickly and effectively assess and pay losses during a substantial increase in claims from a large hurricane landfall is uncertain. Loss experience from Hermine will provide insight into the preparedness of the
Numerous outstanding catastrophe bonds include
Additional information is available on www.fitchratings.com.
The above article originally appeared as a post on the Fitch Wire credit market commentary page. The original article, which may include hyperlinks to companies and current ratings, can be accessed at www.fitchratings.com. All opinions expressed are those of Fitch Ratings.
+1 312 368-3263
James B. Auden, CFA
+1 312 368-3146
+1 212 908-9123
Source: Fitch Ratings