Reinsurers' profitability to improve amid challenges: Fitch

Posted On: May. 9, 2018 5:57 AM CST

U.K.-based Fitch Ratings Ltd. said that global reinsurers' profitability is likely to improve this year due to marginally improved pricing and strong capitalization, Business Standard reported. The ratings agency said that reinsurance rate increases at April renewals were modest despite the industry recording $144 billion in catastrophe losses in 2017.