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Reinsurers suffer worst Q1 for nat cats
31 March 2010
An unprecedented $16bn in losses from the Chilean earthquake, European storm Xynthia and other natural catastrophes have made the first three months of 2010 the worst first quarter on record for such events, according to the latest renewals report from Willis Re.
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European storm Xynthia
natural catastrophes
Willis Re
Chilean earthquake
nat cats
Peter Hearn
An unprecedented $16bn in losses from the Chilean earthquake, European storm Xynthia and other natural catastrophes have made the first three months of 2010 the worst first quarter on record for such events, according to the latest renewals report from Willis Re.
The report said that following a year of historically low frequency and severity of losses and resulting excellent financial performance, the first quarter 2010 results of reinsurers will, for the first time in many years, be worse than those of their primary insurance company...
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