Benfield: Investments Boost Reinsurance Sector For '04
NU Online News Service, May 19, 10:20 a.m. EDT?European reinsurers' 2003 results showed a generally strong level of underwriting performance, but net profits failed to meet expectations at the beginning of the year because of weak investment results, according to a leading independent reinsurance intermediary.[@@]
In 2004, however, London-based Benfield said it sees an improved profit outlook underpinned by a more "benign investment environment." But it warned this forecast is "tempered by signs of emerging price competition and the continuing specter of reserve strengthening."
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