EPISODE · Oct 12, 2022 · 8 MIN
US insurers, global reinsurers face heavy losses from Hurricane Ian
from Moody's Talks - Focus on Finance · host Danielle Reed, James Eck
James Eck explains that with insured loss estimates of up to roughly $70 billion, earnings of property insurers and reinsurers will fall sharply, and some reinsurers could face capital erosion.Guests: James Eck, Vice President – Senior Credit Officer, Moody’s Investors ServiceHosts: Danielle Reed, Vice President – Senior Research Writer, Moody’s Investors ServiceTo read more on this topic, visit Moodys.com (some content available only to registered users or subscribers).P&C Insurance and State Government – US: Hurricane Ian hits insurers' Q3 earnings; capital erosion risk for some (re)insurers Reinsurance – US: Reinsurers diverge on property catastrophe coverage in Florida; higher pricing ahead
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James Eck explains that with insured loss estimates of up to roughly $70 billion, earnings of property insurers and reinsurers will fall sharply, and some reinsurers could face capital erosion.
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US insurers, global reinsurers face heavy losses from Hurricane Ian
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