Superstorm Sandy was the greatest source of claims in a year otherwise substantially lighter in global catastrophes than 2011but most of the losses wrought by the Northeast disaster were retained by insurers and not their reinsurers, according to a report from reinsurance intermediary Aon Benfield.

A group of reinsurers tracked by the Reinsurance Association of America in 2012 recorded a level of net premiums written not seen for about a decade.

A consortium of underwriters insured the Asiana Airlines Boeing 777 that crashed Saturday in San Francisco for $2.3 billion, with 10 Korean insurers sharing about 4 percent of the potential loss, says Koreas Financial Supervisory Service.

An avid golfer, Roger Ware is well aware of the similar requirements between playing a solid round of 18 holes and running a managing general agency.