Reinsurers poised to withstand hurricane season

A recent report by J.P Morgan has shown that reinsurers are better prepared than ever for hurricane season.

A major event such as Hurricane Katrina in 2005 would have a much smaller impact on today's market.

The industry is currently supported by a solid capital base, increased market capitalization, improved profitability and greater loss-absorption capacity.

The report also indicates that, even in the event of a major hurricane, the sector would still maintain a positive return on equity (ROE).