Puerto Rico Strength Outage Set To Harm International Reinsurers

No power, more claimsThe U.S. territory of Puerto Rico remains almost completely without power more than a week after Maria destroyed its electrical grid.
Amgen is using generators to power its Puerto Rico site, the company said.
Estimates of when Puerto Rico will regain power range from three to six months.
That will cut deeply into some reinsurers’ capital reserves and could lead to ratings downgrades.
Puerto Rico is home to many manufacturing sites, including for large pharmaceutical companies such as Bristol-Myers Squibb, Eli Lilly and Co, Pfizer, Amgen and AstraZeneca.

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