Fitch Ratings this morning maintained its stable outlook on the reinsurance industry, asserting that the carriers' strong capital base resulting from the hard market of the past couple of years will shore them up against Hurricane Katrina strains.
Fitch analyst Mark Rouck said that while Katrina will contribute to significant catastrophe losses, it will also result in further hardening of prices in the southeastern United States.
Aside from Katrina, recent industry trends have been favorable from an earnings and capital perspective.
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