The reinsurance industry will absorb 50 percent of some $90bn of third quarter catastrophe losses with the rest retained by the primary market, AM Best's chief rating officer Stefan Holzberger said at the rating agency's London market conference.
The reinsurance industry will absorb 50 percent of some $90bn of third quarter catastrophe losses with the rest retained by the primary market, AM Best's chief rating officer Stefan Holzberger said at the rating agency's London market conference.