Nat cat losses, BI lawsuits could affect P&C reinsurers’ performance
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Analysts at credit rating agency DBRS Morningstar have warned that major property and casualty reinsurers’ performance could be affected this year by natural catastrophes and uncertain outcomes of COVID-19 related business interruption lawsuits, Reinsurance News reported. Although improved underwriting profitability and overall net earnings in the first half put reinsurers on track for a record performance year, natural catastrophe events such as Hurricane Ida and European floods are likely to dent the performance.
