Rene Locher
Rene Locher
behind cut deal positive potential
The positive rationale behind a deal would be the potential to cut more costs.
billions dollars large loss market sees
After any large loss event, the Bermudian reinsurance market always sees the inflow of billions of dollars of new capital.
added business existing good rather returns slightly value
It's slightly better than expected. Returns on the existing business are good ... But value added by new business doesn't look so good. There was rather much of a drop.
figures overall reserve
The overall figures are lower-than-expected, not only because of the catastrophe claims, but also because of the reserve additions.