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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.

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...


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Poll

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

Less than $3bn
0%
$3bn-$4bn
44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
More than $7bn
0%