Free Trial

Reactions Copying and distributing are prohibited without permission of the publisher

AM Best predicts $31bn US P/C 2009 profit

08 February 2010

Rating agency AM Best expects the US property/casualty industry’s net income after taxes to improve to $30.6bn for 2009, up almost 10-fold from the $3.8bn reported in 2008.

Rating agency AM Best expects the US property/casualty industry’s net income after taxes to improve to $30.6bn for 2009, up almost 10-fold from the $3.8bn reported in 2008.

The US property/casualty industry’s operating results recovered in 2009 from a catastrophe-hit 2008, driven by improved underwriting results and the continued recovery in...


Poll

How big would insured catastrophe losses this hurricane season have to be to move reinsurance pricing up?

$0-15bn
7%
$15bn-$30bn
12%
$30bn-$50bn
37%
$50bn-$75bn
32%
$75bn-$100bn
7%
>$100bn
5%