Reinsurers Face 'Moment Of Truth'
The Sept. 11 terrorist attacks on the United States represent a “moment of truth” for the reinsurance community, according to analysts at two major rating agencies. And those who rise to the occasion, paying claims while still remaining financially strong, are the same reinsurers who will reap the benefits of an improved market in years to come, they say.
Analysts from Moodys Investors Service in New York and London referred to this “reinsurers moment of truth” during a recent conference call for the investment community. The attacks, they said, are likely to accelerate the shakeout of the reinsurance industry.
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