"Overall improvement in full-year results will again hinge on second-half catastrophe experience," Christopher A. Grimes, director, insurance at Fitch Ratings, said in a statement. (Photo: Shutterstock)
Operating performance remained consistent with prior-year results for a group of 47 property & casualty (P&C) insurers and reinsurers in the first half of 2019 as a modest weakening in calendar-year underwriting margin was offset by higher investment income, according to a new report by Fitch Ratings.
The sectors outlook for the U.S. P&C sector as well as for the global reinsurance remains stable, reflecting an improvement in market fundamentals with generally favorable pricing trends in most lines and along with several other factors across the sectors. Fitch also maintains a stable rating outlook for the commercial, personal and reinsurance sectors.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
