Reinsurers should be able to absorb losses from Superstorm Sandy without a negative ratings impact, says Fitch Ratings.
Meanwhile, Moody's Investors Service says the storm could, in a worst-case scenario, cause losses for the Combine Re catastrophe bond.
Regarding reinsurers, Fitch says, “We view the reinsurance sector's capital position as solid, as a lower level of catastrophe losses posted thus far in 2012 have allowed companies to recover from the record catastrophe losses in 2011.”
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