Industry | 2012.11.06
Fitch: Reinsurers Well Positioned to Withstand Hit from Sandy
CHICAGO--(BUSINESS WIRE)--Based on preliminary assessments, Fitch Ratings believes that the global reinsurance industry\'s strong capitalization can absorb material expected losses from Hurricane Sandy. Furthermore, we do not anticipate substantive negative rating actions on a broad cross section of global reinsurers as a result of this event. However, due to the scale and complexity of the event, the ultimate level of insured losses remains highly uncertain. As such, we will continue to monitor
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