Reinsurers’ combined ratios to reach 108% in 2011
The brutal roll-call of catastrophe losses in the first half of
the year will drag the reinsurance sector's average combined
ratio to 107.9 percent in 2011, according to Fitch Ratings.
The rating agency - commenting before the start of the Monte Carlo
Reinsurance Rendez-Vous this Sunday (11 September) - said its
universe of reinsurers will see their average ratio leap from a
healthy 94.7 percent last year.
But despite the loss-making year, Fitch said the reinsurance market
is still a...
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