The U.S. property-casualty sector's profitability will remainstrong and the current market cycle will reach its peak this yeardespite rising claims trends in liability lines, an industry expertpredicted today.

Profitability for the p-c sector would have peaked last year ifnot for Florida hurricanes, but now "we expect to reach theprofitability peak in 2005 assuming average catastrophe losses,"said Thomas Holzheu, senior economist for Swiss Re EconomicResearch & Consulting, North America.

This high point will be attained despite some difficult claimstrends in liability lines that remain challenging, Mr. Holzheusaid.

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