The financial hit to reinsurers from secondary perils after named natural catastrophes is significant, Fitch Ratings reports. (iStock)
Global reinsurers experienced large losses in 2021 due to natural catastrophes, secondary perils such as storm surges and mortality claims linked to COVID-19, Fitch Ratings recently reported. However these companies successfully weathered the capital hit thanks to strong earnings and risk-management strategies.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
