Despite a large amount of natural disasters in 2011, Aon Benfield has reported that their financial strength has “remained broadly unchanged.”
In the latest edition of it’s Aon Benfield Aggregate (ABA) report, which assesses the financial performance of the worlds 28 leading reinsurers in the first 9 months of 2011, they said that despite a turbulent year the companies reported a decline in capital of just 0.6 per cent.
In the first quarter of 2011 Aon Benfield reported a decline of 3.4 per cent, so to almost break even after their negative start to the year was a good sign for the company.
The report also revealed that the debt crisis in Europe had little effect on most reinsurers. The only reinsurance company studied that was seriously effected was Munich Re, who had around EUR8 billion of direct exposure to the crisis.
A copy of the full ABA report for 2011 can be found on the Aon Benfield website.
