Onshore property losses covered by insurance after recent hurricane Grace are expected to reach around US $330 million, according to catastrophe risk modeller Karen Clark & Company (KCC).
Hurricane Grace impacted parts of the Caribbean and Mexico, where it made two landfalls.
KCC splits the onshore insured property loss into $300 million for Mexico and $30 million for the rest of the Caribbean.
At those levels reinsurance impact is expected to be negligible.
