XL: Rates Up, But Competition Is Fierce as Challenges Both Wet & Dry Await
Dave Lenckus
Reinsurers earnings rebounded during the first half of 2012, a function of relatively low catastrophe losses so far this year and higher rates in the aftermath of the colossal natural-catastrophe losses that pounded the insurance industry in 2011, according to John Welch, president of XL Re America Inc.