Tunis Re sees strong profit: Fitch

U.S.-based Fitch Ratings Inc. said that earnings of Tunisia-based reinsurer La Societe Tunisienne de Reassurance (Tunis Re) are strong, supported by a sound technical profitability, Middle East Insurance Review reported. The reinsurer reported a broadly stable 2022 net loss ratio versus 2021 and its combined ratio reached 92.5% in 2021. Fitch expects Tunis Re's solid underwriting expertise, sound risk management and effective retrocession to be supportive of its earnings.