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S&P Global raises reinsurance sector view to stable from negative on higher prices

LONDON (Reuters) -S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody's kept its outlook for the sector stable. The COVID-19 pandemic, war, inflation and climate change-fuelled natural catastrophes have put upward pressure on reinsurance rates in recent years. U.S. property catastrophe reinsurance rates rose by as much as 50% at July renewals, b...
United States City Of United Kingdom Alex Richardson Carolyn Cohn Sharon Singleton
Source: yahoo.com

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