Reinsurers of U.S. hurricane risk will play an important role in covering the losses of Hurricane Ike, which battered the Texas coast on Saturday, causing estimated insured property damage between $6 billion and $18 billion, according to a Bermuda insurer-reinsurer association.

The reinsurers are predominantly located outside of the United States, with a large number located in Bermuda, the Association of Bermuda Insurers and Reinsurers (ABIR) said in a statement.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.