(Re)insurers warned to batten down hatches
As the 1 June ushered in the official start to the US hurricane season, all of the major weather forecasters were united in predicting a higher than average chance of storms making landfall.
(Re)insurers have already experienced their costliest ever start
to a year with $16bn-plus industry losses in the first quarter,
including the devastating earthquake in Chile and adverse weather
in Europe and Australia.
And the industry is now assessing the extent of its exposure to the
Deepwater Horizon...
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