NU Online News Service, March 30, 2:43 p.m. EDT
Major European insurers in most cases have recovered from significant 2008 losses, but 2009 earnings figures were still below the highs reported in 2007 and 2006, Moody's Investors Service, said.
In a new Special Comment, titled "2009 Earnings For European Insurers Show Improvement On 2008, But Concerns Remain," Moody's said that in the medium term, the impact on profitability and revenues as a result of the global financial crisis, continued weak economic growth and regulatory constraints, among other things, will limit a return to the previously high earnings levels.
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