The third quarter could still go down as the costliest in the (re)insurance industry's history, with almost all the companies to report so far dragged to a loss and a significant portion of the sector's excess capital wiped out.
With the third quarter earnings season around the corner, the market is waiting to see how much of a toll the recent hurricanes had on results, and what it is likely to mean for full-year earnings
After a large number of companies in our coverage universe disclosed losses from the recent hurricanes, The Insurance Insider looked at how the estimated impacts compared to a common measure of exposure and loss sensitivity - their disclosed probable maximum loss (PML) numbers