U.S P&C reinsurers given H1 boost
Thursday, 08 30 2018, Category: Insurance and Reinsurance, Country: United States
A decrease in natural catastrophe losses relative to 2017 helped drive positive mid-year results for U.S property and casualty (P&C) re/insurers, according to a report by Fitch Ratings.
Operating performance moderately improved for P&C re/insurers during H1 2018 thanks to improved core loss ratios, lower catastrophe-related losses and lower taxes along with favourable movement in loss reserves. The group operating return climbed to 8.0%, up from 6.8% in the prior year.