Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Energy report: Cutting the Gulf of Mexico's Gordian knot

10 March 2009

Gulf of Mexico (GOM) windstorm energy reinsurance has posted an incurred premium-to-claims ratio of over 360 percent over the last five years, and since December 2007 has produced claims in the region of $3.5bn (see charts below).

Unsurprisingly, the sector is thought to have seen total capacity shrink to only 70 percent of what it was last year, with premiums and retentions pushing upwards.

Given the wreckage, the latest Energy Market Review from Willis asks whether such risks remain the...

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