Reinsurers continue pulling back from property catastrophe underwriting
Posted On: Apr. 27, 2015 12:00 AM CSTThe general pull-back on property catastrophe reinsurance underwriting is continuing, the financial results of some reinsurers for the first quarter of 2015 show, reported Artemis.bm.
Reinsurers have been reducing their exposures as pricing has declined across property catastrophe reinsurance zones. Several reinsurers such as Bermuda's Aspen Insurance Holdings Ltd. and Switzerland-based Allied World Assurance Co. Holdings A.G. have reported decreases in reinsurance premiums underwritten for the first quarter of 2015.