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Bermuda - Cat-handling in Bermuda.
(From Reinsurance)
Byline: David Fanning.
Rating agency Standard & Poor's predicted in May that 2003 would be a difficult year for the reinsurance industry. Reporting that the four biggest reinsurers - Munich, Swiss, Employer's and General - had been poor performers to then, the agency added that many of the so-called 'new' Bermudian reinsurers were doing much better than their longer-established counterparts.
This has been particularly true in global property catastrophe lines and the falling-off in price and condition hardening, with increasing signs that the catastrophe (re)insurance is reaching its peak, looking set to widen the performance ...
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