Caribbean P/C insurers suffer double blow from rising reinsurance rates and COVID-19

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<title>bbean P/C insurers suffer double blow from rising reinsurance rates and COVID-19</title>
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<abstract displayLabel="Summary">Whether 2019 was a good year for the rated Caribbean property/casualty insurers depends on whom you ask. The answer of insurers writing business in the Bahamas will be a resounding no, since these companiesand the islands themselvesare still dealing with claims and recovery from the devastation inflicted by Hurricane Dorian. Insurers operating in Caribbean countries other than the Bahamas may have a very different response, given the path of the storms of late. Nevertheless, tropical storm activity in 2020 reached record levels through August and is fast becoming a year to reckon with. And now Caribbean insurers are faced with another challenge: the COVID-19 pandemic.</abstract>
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