Insight and Intelligence on the Global Facultative Markets

5 February 2012

$82bn needed for market turn

27 August 2010

An $82bn hurricane or a $72bn earthquake are the size of catastrophic events that are needed to reverse the soft market, according to Aon Benfield.

Speaking as part of a webinar organised by ratings agency AM Best, Bryon Ehrhart, chief strategy officer at Aon Benfield, noted that in previous market-turning years of 1986, 1992 and 2001 the combined ratio for insurers reached 115 percent, and that a similar figure would be needed at the moment in order to truly turn...

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