Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Italian P&C market can expect tough 2010

9 April 2010

Trading conditions in the Italian non-life market are likely to continue to be tough this year after a difficult 2009, according to a note from Fitch Ratings.

The ratings agency told the market that non-life underwriting profitability may see only a modest recovery in 2010 after a loss-making 2009.

Federico Faccio, a director at Fitch, said: "The Italian non-life industry faces significant challenges, as competition remains fierce, the operating environment adverse and the ultimate cost of personal injuries uncertain following...

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