Hurricane Katrina and other third quarter catastrophes has already made 2005 the costliest year ever for six major European reinsurance groups, according to a risk intermediary firm’s latest analysis.

The finding was made in the “European Reinsurance Quarterly,” a 27-page report from Benfield’s Industry Analysis and Research team in London. The six reinsurers they examined are Alea, Converium, Hannover Re, Munich Re, SCOR and SwissRe.

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