Moody’s expecting stronger reinsurance sector profitability in 2019
Wednesday, 06 12 2019, Category: Health, Country: U.A.E
Analysts at Moody’s Investor Services are anticipating stronger reinsurance sector profitability in 2019, supported by significantly higher pricing in the property catastrophe market.
The firm believes that reinsurers are entering the 2019 hurricane season with solid capital positions and should be able to comfortably withstand any potential losses arising from hurricanes.
Reinsurance capital has also remained largely steady despite nearly $240 billion of total insured catastrophe losses over the previous two years, it noted.