European Re Q1 Results Hint At Strong Year Ahead
NU Online News Service, June 18, 3:59 p.m. EDT?While it might be too early to tell, strong first-quarter results from big European reinsurers suggest that the sector may be heading toward improved profitability for the rest of the year, according to a report from a major reinsurance brokerage firm.[@@]
In its latest European reinsurance quarterly report, London-based broker Benfield Group Ltd. noted that "while one swallow does not make a summer," first-quarter results did provide a strong start, reinforcing the sector's improved profit outlook for 2004.
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