Superstorm Sandy reinsurance News

International Insurers, Reinsurers to Shoulder Half of Sandy Losses: ABIR

International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry association said Thursday. Estimated losses from Superstorm Sandy currently stand at over $16 billion, as reported by publicly traded companies, according …

Reinsurers’ Capital Can Absorb Sandy Losses Below $50 Billion: S&P

Standard & Poor’s Ratings Services said that the reinsurance sector’s strong capital and very strong earnings thus far in 2012 will allow it to withstand losses well outside the range of current insured loss estimates for Superstorm Sandy. In a …