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.
“Moody's considers that European insurers' [first-half] 2010 results represent a period of contrasting quarters, at least for the investment markets,” noted David Masters, an analyst in Moody's London office, in a report on the state of the market.
He noted that the first quarter “generated generally positive investment results, which were offset by significant market volatility [in the second quarter].”
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