NU Online News Service, Feb. 7, 11:31 a.m. EST
Beyond just the dollar figure of Thailand-flood losses, the event exposed risk-management challenges for reinsurers' management teams, according to a Moody's Special Comment.
The Thailand floods, which began last summer and peaked in the 2011 fourth quarter, are expected to cause between $10 billion and $20 billion in losses for insurers and reinsurers, Moody's says. "Similar to the 2011 Tohoku, Japan earthquake and the 2011 Christchurch, New Zealand earthquakes, reinsurers will shoulder much of the loss," Moody's adds.
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