Major reinsurers will meet or exceed earnings expectations in the fourth quarter, according to an investment bank report.

Tamara Kravec, a Bank of America analyst, wrote that "our expectation is for reinsurers to give outlooks for 2007 earnings that are in line with or modestly better than expectations."

Ms. Kravec added, "We believe capacity remains constrained for U.S. catastrophe-exposed property insurance, keeping rates firm."

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