European Insurer Outlook Stable: Fitch
NU Online News Service, March 26, 3:26 p.m. EST?Fitch Ratings is keeping its "Stable" rating outlook for the European property-casualty insurance sector and is forecasting favorable operating results for the industry over the next 12-to-24 months?attributed to underwriting discipline and profitable premium rates.[@@]
Rate hikes?coupled with a below-average incidence of natural catastrophes?have been the main force behind strong operating results reported by European p-c insurers in 2002 and 2003, especially among insurers writing personal lines, Fitch observed.
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