Reinsurers banking on catastrophe crunch

Reinsurers were at pains to reassure investors that they had contained their exposures in terms of how much less a repeat of KRW this year would cost them

Reinsurers’ first quarter results exposed a clear distinction between those companies which have either curtailed their catastrophe exposure in response to Hurricanes Katrina, Rita and Wilma (KRW) or are holding out for even better rates and those which decided that the business was profitable enough at 1 January.