Advertise
Resources
Member, Beacon International Group, Ltd.
The outlook for the global reinsurance industry is stable, according to a report from Fitch Ratings in London.
Chris Waterman, a senior director in Fitch's European Insurance Group in London and an author of the report, said that a normal catastrophe experience in the second half of 2004 should result in rates remaining flat or dropping slightly at Jan. 1, 2005, renewals.
Mr. Waterman noted that while losses from hurricanes Charley and Frances would not be sufficient in themselves to increase rates, they may have a stabilizing effect on pricing.
The report, "Mid-Year 2004 Global Reinsurance Outlook", is available at www.fitchratings.com.