Sector Trends For Global Non-Life Reinsurers: Despite 2011 Catastrophe Losses, The Reinsurance Sector Remains On A Strong Footing - S&P Global Ratings’ Credit Research

Sector Trends For Global Non-Life Reinsurers: Despite 2011 Catastrophe Losses, The Reinsurance Sector Remains On A Strong Footing

Sector Trends For Global Non-Life Reinsurers: Despite 2011 Catastrophe Losses, The Reinsurance Sector Remains On A Strong Footing - S&P Global Ratings’ Credit Research
Sector Trends For Global Non-Life Reinsurers: Despite 2011 Catastrophe Losses, The Reinsurance Sector Remains On A Strong Footing
Published Jun 05, 2012
4 pages (2160 words) — Published Jun 05, 2012
Price US$ 600.00  |  Buy this Report Now

About This Report

  
Abstract:

The strengths of the reinsurance sector enabled it to emerge from 2011 with its capital base largely intact. The large number of severe natural catastrophic events in 2011 extracted a heavy toll both in terms of fatalities and economic and insured losses, which hurt the global non-life reinsurance sector's operating results. Munich Re estimated that insured losses due to natural catastrophes in 2011 were $105 billion, which topped the prior record of $101 billion in 2005. These catastrophic events were spread across the Pacific Basin and North America. In general, Standard&Poor's Ratings Services believes that global non-life reinsurers hold excess capital relative to their rating levels. However, the amount of excess capital diminished somewhat during 2011 because of

  
Brief Excerpt:

...June 5, 2012 The strengths of the reinsurance sector enabled it to emerge from 2011 with its capital base largely intact. The large number of severe natural catastrophic events in 2011 extracted a heavy toll both in terms of fatalities and economic and insured losses, which hurt the global non-life reinsurance sector's operating results. Munich Re estimated that insured losses due to natural catastrophes in 2011 were $105 billion, which topped the prior record of $101 billion in 2005. These catastrophic events were spread across the Pacific Basin and North America. In general, Standard & Poor's Ratings Services believes that global non-life reinsurers hold excess capital relative to their rating levels. However, the amount of excess capital diminished somewhat during 2011 because of the record level of catastrophe losses and management returning capital to shareholders through dividends and repurchased shares. In addition, the reinsurance sector's risk-adjusted capitalization declined because...

  
Report Type:

Commentary

Sector
Global Issuers, Public Finance, Structured Finance
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Sector Trends For Global Non-Life Reinsurers: Despite 2011 Catastrophe Losses, The Reinsurance Sector Remains On A Strong Footing" Jun 05, 2012. Alacra Store. Mar 29, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Sector-Trends-For-Global-Non-Life-Reinsurers-Despite-2011-Catastrophe-Losses-The-Reinsurance-Sector-Remains-On-A-Strong-Footing-2225021>
  
APA:
S&P Global Ratings’ Credit Research. (). Sector Trends For Global Non-Life Reinsurers: Despite 2011 Catastrophe Losses, The Reinsurance Sector Remains On A Strong Footing Jun 05, 2012. New York, NY: Alacra Store. Retrieved Mar 29, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Sector-Trends-For-Global-Non-Life-Reinsurers-Despite-2011-Catastrophe-Losses-The-Reinsurance-Sector-Remains-On-A-Strong-Footing-2225021>
  
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