Light cats salvage creeping attritional property loss ratios

A significant catastrophe loss could expose an underlying lack
of profitability in the property insurance market and an industry
executive suggested that the industry is primed for such an event
as well as the ensuing fallout.
The property market currently does not adequately cover its
attritional loss ratio, warned Louis Iglesias, Allied World's
president of North America, speaking at The Insurance
Insider's InsiderScope event in New York
today.
But the looming shortfall has been covered up by