NU Online News Service, March 31, 3:50 p.m. EDT
Willis Re, the reinsurance brokerage member of London-headquartered insurance broker Willis Group, said reinsurers appear profitable in its first review of that marketplace for 2009.
The report, "Willis Re 1st View, Conserving Capital," said despite poor investment results for 2008, the majority were still profitable, and compared to the rest of the financial services industry, "reinsurance companies have performed well during a period of extreme turmoil."
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