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Reinsurers up before “less anxious” renewal
24 December 2009
Reinsurers’ nine-month underwriting results were better than expected because of the unusually low level of natural catastrophes in the third quarter, according to the latest edition of the Aon Benfield Aggregate quarterly report.
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Reinsurers’ nine-month underwriting results were better than expected because of the unusually low level of natural catastrophes in the third quarter, according to the latest edition of the Aon Benfield Aggregate quarterly report.
Results were also boosted by reserve releases from prior accident years. The reinsurance broker believes the January 1 renewals will be “less anxious” than recent years.
The Aon Benfield Aggregate tracks 23 leading global reinsurers. At September 30 2009, the...
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