Harvey and Irma are not market turners, says Hancock
The financial fallout from hurricanes Harvey and Irma will not be enough to turn the market, according to Lloyd’s performance director Jon Hancock.
Speaking at the Reinsurance Rendez-Vous in Monte Carlo, Hancock said the overall impact of Harvey and Irma would fall below the $200bn (£150.9bn) threshold needed to turn the market.
With current
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