Sat, 11/17/2018 - 16:19
The catastrophe loss activity witnessed so far in 2018 may be sufficient to ensure that reinsurance companies "return on capital in 2018 may not materially exceed reinsurers' cost-of-capital," according to rating agency S&P.
Standard & Poor's warns that reinsurance firms may be on course for a second year where they struggle to meet cost-of-capital, after the impacts of hurricanes in the United States, a series of typhoons and weather-related disasters in Japan and now the recent wildfires in California, are all accounted for.
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