Standard & Poor’s Ratings Services has revised its outlook on the global reinsurance industry to negative from stable, according to a new report published today.The negative outlook implies that downgrades are expected to outnumber upgrades in the remainder of 2005, although the number of downgrades is expected to be modest. “The negative outlook reflects the […]
Hurricane Katrina could be the biggest ever insured loss says Fitch Ratings, although it has not yet downgraded any insurers.Losses from the storm will materially hurt insurance industry earnings, the ratings agency says.Fitch notes that the range of estimated insured losses continues to be very wide and says it believes it will be a long […]
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Outlook for industry negative, ratings agency says