JLT: reinsurers “on a knife edge” after blowing 2011 cat budgets
JLT has warned that the reinsurance market is set for a period of turbulence, following extreme catastrophe activity in the first two quarters of 2011.
In its June 2011 property catastrophe review, the broker said the industry has experienced aggregate insured losses in the range of $105bn inclusive of latest events including the April/May U.S
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