Charley Eats 18% Of Bermuda's Net
NU Online News Service, Sept. 7, 2:25 p.m. EDT?Early estimates of Hurricane Charley losses for the Bermuda insurance market indicate it will be the equivalent of 18 percent of the net income for companies on the island in the first half, according to a brokerage report.[@@]
That finding appeared in a study of 16 insurers in the Bermuda market performed by Benfield Group research. It also found most firms' management is optimistic that declining rates will not drop too steeply.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
