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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...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
0%
$4bn-$5bn
0%
$5bn-$6bn
100%
$6bn-$7bn
0%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield