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According to Aon PLC’s Reinsurance Aggregate report, 2022 will be another poor year for reinsurers’ earnings, as capital market volatility, high inflation, economic turmoil due to the COVID-19 pandemic and Russia-Ukraine war, and Hurricane Ian damage continue to exert pressure on reinsurers, Asia Insurance Review reported. The poor full-year outlook comes despite a solid 22% growth in property and casualty underwriting profit enjoyed by worldwide reinsurers in the first half of the year.