154 ZJ Taylor
Notes
1 Re/insurance is shorthand for the insurance and reinsurance market. Reinsurance is a form of insurance for insurers.
2 While ILS refers to a specific subset of insurance-based financial instruments,
it also signals a larger universe of ‘alternative capital’ arrangements within the
re/insurance industry.
3 Hurricanes in the Atlantic Basin are categorised by wind speed along the
Saffir-Simpson Scale: Category 1 (74–95 mph, 119–153 km/h), Category
2 (96–110 mph, 154–177 km/h), Category 3 (111–129 mph, 178–208 km/h),
Category 4 (130–156 mph, 209– 251 km/h), Category 5 (≥157 mph, ≥252 km/h).
Categories 3-5 storms are classified as ‘major.’
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