Financial opportunities will be available as Reinsurers benefit from:
more stringent underwriting
less competition among Reinsurers
Our thoughts are with those in hurricane-affected areas.
September 5, 2017
Many Cornerstone Advisory clients own Reinsurance Securities through the ownership of Stoneridge Reinsurance Risk Premium Fund (SRRIX).
As another strong hurricane surfaces, we wanted to create a method of sharing information as we receive it from Stoneridge.
Hurricane Harvey, as devastating as it was, has had only a subtle effect on fund pricing. This evening however, you will see the fund reduce in value due to the possibility of material loss from Hurricane Irma.
Reinsurance securities are priced using modeling and at this time those models show a possibility of insured loss. It is too early to know the ultimate path of this storm, however we will continue to post updates so that investors are informed.