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Reinsurance sector well capitalized to face hurricane season

Posted On: Jun. 13, 2019 6:28 AM CST

Hurricane season

U.S.-based Moody's Investors Service Inc. said that the global reinsurance sector remains well-capitalized to withstand this year’s Atlantic hurricane season despite recording $240 billion in catastrophe losses in 2017 and 2018, reports. The ratings agency said that retrocession capacity has decreased after the insurance-linked securities sector suffered significant losses and failed to attract fresh capital.

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