P&C (re)insurance stocks were a sea of red yesterday (24 August) as fears of slowing economic growth in China triggered a global equity sell-off that has been dubbed "Black Monday"
Capital management remained firmly on the agenda for Bermudian and short-tail carriers during the second quarter as market headwinds continued to erode profitable growth opportunities.
Reinsurers that have been more aggressive in releasing reserves may have drained their resources and could experience more earnings volatility in the coming years, Standard & Poor's (S&P) has warned
