Bermudians' ROE struggle

By Adrian Ladbury, London

THE new crop of Bermuda reinsurance companies will struggle to meet the ambitious return on equity targets (ROE) set by their investors. In its latest report, the Benfield Group states that the group of property catastrophe reinsurers set up in the early to mid-1990s with ROE targets of 20%, have only managed to hit that level in one year since 1994.