Insight and Intelligence on the Global Facultative Markets

19 May 2012

Reinsurers’ book value could be dented by $20bn Thai losses

3 January 2012

Insured losses from the 2011 flooding in Thailand could total $15bn to $20bn, with between $9bn and $12bn flowing into the international reinsurance and retrocessional markets, according to research by investment bank Espirito Santo.

It is thought the flood losses could dent tangible book value (TBV) by between 1 and 6 percent for Lloyd's (re)insurers and by 1.5 to 4 percent for European reinsurance giants, said Espirito Santo analyst Joy Ferneyhough.

Ferneyhough added that the industry loss benchmark and commercial...

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