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

24 March 2018

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Puerto Rico loss falls to traditional market

5 October 2017

Puerto Rico insured losses are likely to fall to a somewhat concentrated group of reinsurers including Lloyd's syndicates and Munich Re, according to regulatory filings analysed by sister publication The Insurance Insider.

A small group of reinsurers assumed premium from the top 10 primary non-life insurers in Puerto Rico, with the top five non-affiliated reinsurers assuming around half of the total premiums ceded in the sample.

Hurricane Maria devastated the US territory and could cost insurers as much as $40bn-$85bn,...

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