Caribbean insurers well capitalized despite 2017 hurricane losses

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      <subfield code="a">Caribbean insurers well capitalized despite 2017 hurricane losses</subfield>
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      <subfield code="a">This analysis reveals that during the 2017 hurricane season, Caribbean-based property and casualty insurers' dependence on the ability of their reinsurance counterparties was severely tested by the one-two punch of Hurricanes Irma and Maria. Although final loss numbers and corresponding reserves have not been completely developed, the reported numbers are best estimates based on current information and the time that has elapsed since the occurrence of these events. The balance sheets of affected insurers depended on contractual obligations made bya reinsurers and their ability to advance these funds in a timely fashion</subfield>
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