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Reinsurers exhausted half their cat budgets
09 September 2010
The global reinsurance industry shouldered a great portion of the $8bn to $12bn in insured losses related to the Chile earthquake. In combination with the other catastrophic disaster this year, this could have material unfavourable effects on earnings, according to S&P.
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standard & poor's
S&P
The global reinsurance industry shouldered a great portion of the $8bn to $12bn in insured losses related to the earthquake that struck Chile on February 27 2010. In combination with the other catastrophic disaster this year, this could have material unfavourable effects on earnings, according to Standard & Poor's.
The losses put a substantial dent in many re/insurance companies' annual...
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