Reinsurers well prepared for near-normal Atlantic hurricane season, says Moody’s

Reinsurers are well capitalised ahead of the 2019 Atlantic hurricane season, according to Moody’s Investors Service, after leading weather organisations confirmed that this year’s season will be near historical averages for the Atlantic Basin. An average or near-normal season produces ten to 15 named storms, four to nine hurricanes, and one to four major hurricanes, according to the National Oceanic…

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