Doubts over reinsurers' readiness for Katrina
While details were still sketchy about the extent of devastation caused by Hurricane Katrina as Prof...
While details were still sketchy about the extent of devastation caused by Hurricane Katrina as Professional Broking went to press, the event looks likely to eclipse all other natural disasters in US history.
Munich Re announced it is prepared for a EUR400m (£273m) exposure, while Swiss Re is expecting $500m (£274m). Hannover Re's exposure to Katrina is expected to be between EUR175m and EUR200m. At the time of going to press, with two weeks of the hurricane season remaining, some analysts were
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