Assessing the Tab for Q1 Catastrophes

Filed under: Industry, Competitive Strategy, Amer Intl Group (AIG)

Catastrophe modelers, insurers and reinsurers are still sorting out the damage from Windstorm Xynthia in Europe and the earthquake in Chile. Taking only the highest of high-end estimates, the damage from these two catastrophes could exceed $12 billion, resulting in fairly steep property-catastrophe losses long before hurricane season begins. With three more major property reinsurance renewals remaining for the year -- at April 1, June 1 (Florida) and July 1 -- there is plenty of time for the impact of these events to be absorbed into reinsurance pricing.

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Assessing the Tab for Q1 Catastrophes originally appeared on BloggingStocks on Mon, 15 Mar 2010 17:00:00 EST. Please see our terms for use of feeds.

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