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20 April 2018

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Global reinsurers likely to face 2017 underwriting loss: AM Best

Bernard Goyder 10 September 2017

The top global reinsurers can expect a full year underwriting loss for 2017, analysts at AM Best have said, as Hurricane Irma crunches into the Florida coastline.

According to AM Best estimates, total catastrophe losses of $75bn for the year would result in a combined ratio of 106 percent for the world's top 20 reinsurers.

Speaking at an AM Best conference at the Monte Carlo Rendez-Vous, Robert DeRose, a senior director at the ratings agency said: "There's no question that...

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