June 3rd, 2010

Chart: GC Global Reinsurance Composite Sources of Earnings

Posted at 12:59 AM ET

1q-2010-gcgc-source-of-earningsThe Guy Carpenter Global Reinsurance Composite’s non-life underwriting result suffered a loss of USD1.5 billion. This loss contrasts with the corresponding quarter in 2009, which showed a non-life underwriting gain of USD1.1 billion. The first quarter of 2010 was dominated by natural catastrophe events including the Chile earthquake, U.S. winter storms, Windstorm Xynthia in Europe and hail in and around Melbourne, Australia. Catastrophe losses from events in excess of USD250 million totaled approximately USD17 billion in the first quarter of 2010 compared with USD7 billion in the first quarter of 2009.

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