NU Online News Service, Sept. 1, 3:35 p.m. EDT
Europe's property and casualty insurers will be challenged to increase profitability for the remainder of this year, reinforcing the negative outlook Moody's Investors Service has on the sector.
In a special comment from its London office, Moody's analyst David Masters said, "Moody's considers that European insurers' [first-half] 2010 results represent a period of contrasting quarters, at least for the investment markets. [The first quarter] generated generally positive investment results, which were offset by significant market volatility in [the second quarter.]"
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