Buybacks poised to slow
As the dust settles on the US and Bermudian P&C Q4 reporting season, the picture that emerged is of analyst-beating earnings, set against a depressing 2011 outlook of further deterioration in the sector's underwriting that cannot be sustained indefinitely by reserve releases.
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Heavy losses in the first two months of 2011
have led to warnings that some reinsurers - primarily those with a
significant appetite for international business - may have already
burned through their catastrophe budget...
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