Reinsurer Financial and Cat Losses High, Bermuda Hit Most

Reinsurer Financial and Cat Losses High, Bermuda Hit Most | GCCapitalIdeas.com: "A tough year for reinsurers is coming to a close. The worldwide financial catastrophe has impaired investment assets and put downward pressure on profits. At the same time, combined ratios were sent higher by an above-average year for catastrophe losses, especially as a result of Hurricane Ike. So, we enter 2009 with capital constrained, shareholders’ funds diminished, and a combined ratio for the Guy Carpenter Global Composite at its second-highest level in five years."