Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

4 February 2012

Cat toll hits H1 results

2 September 2010

Catastrophe losses took a heavy burden on first-half reinsurance results, led by the Chilean earthquake and rising liability costs from the Deepwater Horizon oil rig disaster.

Munich Re estimated that industry losses from natural catastrophes for the first half of the year totalled $22bn - more than double the average over the past decade.

Meanwhile, revenues rose at Aon Benfield Securities - but not enough to prevent reinsurance parent Aon Benfield reporting a three percent dip in profits to $359mn...

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