WSJ: Putting a Price On Catastrophe

By Ian McDonald

Executives who make their living wagering on risks are gathering in the European casino town of Monte Carlo on Sunday. At a big annual reinsurance conference there, they'll help shape the cost of insurance next year for companies and individuals around the world.

Reinsurers sell insurance coverage to insurers. Many of the bills from many of the world's biggest risks -- hurricanes, plane crashes, terror attacks -- reside on their books. The prices that insurers pay for reinsurance drive, in part, what they charge consumers and companies for coverage.

This year's Rendez-Vous de Septembre conference, held as usual during the ...

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