Global reinsurers likely to face 2017 underwriting loss: AM Best

The top global reinsurers can expect a full year underwriting
loss for 2017, analysts at AM Best have said, as Hurricane Irma
crunches into the Florida coastline.
According to AM Best estimates, total catastrophe losses of
$75bn for the year would result in a combined ratio of 106 percent
for the world's top 20 reinsurers.
Speaking at an AM Best conference at the Monte Carlo
Rendez-Vous, Robert DeRose, a senior director at the ratings agency
said: "There's no question that...