Implications of the 9-11 Attacks

Sunday, December 16th, 2001 Catastrophe Risk Management

Going forward, primary insurers may face greatly reduced reinsurance capacity. After a mega-catastrophe, primary insurers reevaluate their reinsurance needs and often seek greater protection. Ironically, at the same time, reinsurers implement tighter risk controls, which tend to reduce the capacity they are willing to offer. We are already seeing the signs of a looming reinsurance capacity shortage.

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http://www.tillinghast.com/tillinghast/publications/reports/Sept_11_Implications_For_Insurance/2002051310.pdf

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