Australian floods to put pressure on reinsurance rates

Tony DowdingMarch 31, 2021
The Entrance, NSW, Australia – March 22, 2021 The Entrance NSW 2261, Australia By Adam Marshal
Flooding at The Entrance, NSW, Australia – 22 March 2021. Credit: Shutterstock/Adam Marshal

Recent floods in Australia are set to dampen near-term earnings and further elevate the insurance industry’s loss burden from natural catastrophe events, according to AM Best.

The ratings agency said the continued cession ...

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Tony DowdingMarch 31, 2021
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