2004 hurricanes left reinsurers unbattered, claims Benfield
Despite a record number of hurricanes and typhoons during the third quarter of 2004, global reinsurers in general, and the Bermudians in particular, report little or no damage to their balance sheets according to the most recent Benfield Bermuda Quarterly Report.
According to the report prepared by Benfield’s Industry Analysis and Research team, total net income among Bermuda reinsurers for the first three quarters was $3.3bn, down 26% when compared to theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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