Fitch Says Global Re Market Still Shaky
NU Online News Service, Sept. 10, 1:49 p.m. EST? A year after the Sept. 11 terrorist attacks, the global reinsurance industry is still hurting, according to a report by Fitch Ratings in London.
Despite substantial rate increases, Fitch said, the industry has not recovered sufficiently to earn reasonable returns, leading to a continuing negative outlook on U.S. and global reinsurance markets, and the prospect of further rate increases, according to Fitch.
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