Positive P-C Results, But Negative Warnings Some execs more bearish than bullish about future based on July 1 renewalsEarly returns from property-casualty insurers in the second quarter reveal some incredibly good results, yet both insurance bulls and bears were out in full force, offering contrasting indications of how the overall market is shaping up this year.

And just when more rating analysts said they were willing to ease up on their negativity and back off from a steady stream of loss reserve alarms, an announcement from a leading reinsurer prompted downgrades and warnings from all the major rating firms.

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