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THE LEADER IN PROPERTY & CASUALTY NEWS
BERMUDA
MARKET UPDATE
Reinsurers Battered by Cat Losses,
But Island Still ‘Very Viable’
TOP STORIES OF THE WEEK TOP STORIES OF THE WEEK
Euro Crisis Could Prolong
U.S. P&C Soft Market
The European sovereign-debt crisis,
if it leads to another recession, could
prevent the industry from altering the
direction of the current pricing
environment, says one consultant.
E Page 8
PROFITS CHOPPED
Starr International Sues U.S.
Over AIG Bailout for $25B
Maurice “Hank” Greenberg-owned
Starr International Co. says the U.S.
violated the Constitution when it took
majority ownership of American Inter-
national Group. E Page 8
PCS Increases Irene
Loss Estimate
A revised estimate by Property Claims
Services puts Irene back on track to
crack the Top 10 costliest U.S. hurri-
canes. E Page 10
U.S. Senators Oppose
Flood-Bill Provision
On Levees, Dams
A group of senators says areas
protected by dams and levees should
not automatically be declared
flood-hazard zones. E Page 10
Ratings-Agencies’ Reports: Net Income Plummets at U.S., Global Insurers See page 6
Image by Don Farrall/Getty
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