Best’s Special Report: Third-Quarter Catastrophes Will Define 2017
The Best’s Special Report, “Third-Quarter Catastrophes Will Define 2017,” states that with third-quarter 2017 earnings having been reported, it is possible to start measuring the true impact of hurricanes Harvey, Irma, and Maria (HIM) on insurers and reinsurers. The report lists the companies that have publicly reported net losses of greater than
Primary insurers, traditional reinsurance, collateralized reinsurance and insurance-linked securities all will be paying a portion of approximately
Although it is still too early to tell which catastrophe bonds will be paying out, those with annual aggregate protection that cover all
Insurers and reinsurers have increased capacity in recent years by using third-party capital, and most of these investors will have to pay out major losses for the first time. Capital has been flowing back into the insurance and reinsurance markets, so
To access the full copy of this special report, which also explores the impact of each of the hurricanes on a stand-alone basis, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=269511.
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