The damage from these storms is not expected to approach that level, though the German reinsurance firm, Munich Re, said it could total several hundred million dollars in Germany alone.

However, as "the risk bearer of last resort... reinsurance firms need to be anticipatory regarding the impact of climate change," says Swiss Re's Mr Walker.

His father was a vice president at Paul Napolitan, a former reinsurance firm in New York.

Burns & Wilcox Re (reinsurance firm)

Even more surprisingly, the policy was underwritten by European, Saudi and Kuwaiti reinsurance firms, Mr. Khafaji said.

It will raise the ceiling on foreign ownership of domestic banks to 49 percent from 40 percent and grant free access to foreign insurance and reinsurance firms.

David A. Eklund (born 1959), Chairman of Aeolus Re (reinsurance firm)

The jurors were frustrated by the mistrial, said two of the jurors, Linda Steinmuller, a financial analyst, and Karen Demeter, who works for a reinsurance firm.

Previously, he served as President and Chief Underwriting Officer of Renaissance Re, also a Bermuda based reinsurance firm.

For example, the company's insurance subsidiary in April boosted its holdings in R.E. Capital, a reinsurance firm.