Wells Fargo: Share price falls suggest ~$25bn Hurricane Ian loss
The relative performance of (re)insurance stocks against the S&P 500 suggests investors have pegged industry exposure to Hurricane Ian at around $25bn, according to Wells Fargo’s Elyse Greenspan, who estimates it would take a $7bn market loss in Florida to attach cat programs.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below