It’s been quite a year already for catastrophes, and the hurricane season is not even fully upon us yet. The destruction caused by the Haiti earthquake in January was one challenge, and the Chilean quake in February proved to be yet another, but for different reasons. Both, however, have served to put capital pressure on the industry as a whole. Everyone took a hit, it seems, albeit a manageable one.
Reinsurers, Chile, earthquake, Chilean earthquake, Munich Re