Free Trial

Reactions Copying and distributing are prohibited without permission of the publisher

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.

Read more: 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...


  • Philippines Earthquake Mw 6.7 06 Feb 2012 - On Monday, 6 February a magnitude Mw 6.7 (regional moment magnitude) earthquake ...
  • Queensland Floods 06 Feb 2012 - Monsoonal rains since mid-January have resulted in flooding in northeast Australia, affecting ...
  • Peru Earthquake Mw6.3 30 Jan 2012 - Updated 1 February. On Monday, 30 January a magnitude Mw6.3 (regional moment ...
For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.

Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
43%
$4bn-$5bn
29%
$5bn-$6bn
14%
$6bn-$7bn
14%
More than $7bn
0%