(Re)insurers clear ‘Chilean whammy’
For all the talk of a record $16bn burden for catastrophe losses, the key message was clear as first quarter results flooded in - the global (re)insurance sector is in robust good health and the soft market will continue in all but the worst-affected classes.
In the third quarter of 2008 this certainly was not the case. Back then, there was an almost unprecedented "double whammy" as hurricanes Ike and Gustav combined with a cross-class investment bloodbath. This potent combination...
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