Reinsurers well positioned for hurricane season
Tuesday, 06 19 2018, Category: Insurance and Reinsurance, Country: World
A new report by Moody’s suggests reinsurers are to remain well-positioned for the rest of the 2018 hurricane season, which officially runs from June 1 to November 30.
Experts predict near-historical storm averages for the Atlantic Basin, cooler-than-average sea-surface temperatures across the tropical North Atlantic, strong trade winds and sea level pressures and a neutral or weak El Niño.
Moody’s believe’s reinsurers are entering the hurricane season with solid capital positions to withstand potential losses arising from hurricane events, despite last year’s large losses.