A.M. Best Comments on the Impact of Hurricane Katrina on the Global Reinsurance Industry
September 9, 2005
Advisen -- Reinsurance
Source: Bestwire Service
"OLDWICK, N.J. (BestWire) - Although global European reinsurers such as Munich Re, Swiss Re and Hannover Re have already provided estimates for their potential exposure to Hurricane Katrina, A.M. Best Co. believes that it may take longer to fully assess the extent of damage in the Gulf of Mexico region and that it could be significantly higher than initially anticipated (with overall insured damage estimates currently ranging from USD 20 billion to USD 60 billion)..."
Advisen -- Reinsurance
Source: Bestwire Service
"OLDWICK, N.J. (BestWire) - Although global European reinsurers such as Munich Re, Swiss Re and Hannover Re have already provided estimates for their potential exposure to Hurricane Katrina, A.M. Best Co. believes that it may take longer to fully assess the extent of damage in the Gulf of Mexico region and that it could be significantly higher than initially anticipated (with overall insured damage estimates currently ranging from USD 20 billion to USD 60 billion)..."
posted by AVRECO at 8:52 AM
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