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Fitch Foresees P-C Sector Loss By 2009

The property-casualty insurance industry should end 2007 with a fourth year of double-digit returns on statutory capital, but the soft market cycle could lead to a loss by 2009, Fitch Ratings said tod

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The property-casualty insurance industry should end 2007 with a fourth year of double-digit returns on statutory capital, but the soft market cycle could lead to a loss by 2009, Fitch Ratings said today.

Commenting on its review and outlook for the U.S. p-c industry for 2007-2008, Fitch Ratings analyst James B. Auden said while the sector produced strong results in 2007, it is questionable whether the industry will continue that strong performance past 2008.

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