"Overall improvement in full-year results will again hinge on second-half catastrophe experience," Christopher A. Grimes, director, insurance at Fitch Ratings, said in a statement. (Photo: Shutterstock) "Overall improvement in full-yearresults will again hinge on second-half catastrophe experience,"Christopher A. Grimes, director, insurance at Fitch Ratings, saidin a statement. (Photo: Shutterstock)

Operating performance remained consistent with prior-yearresults for a group of 47 property & casualty (P&C)insurers and reinsurers in the first half of 2019 as a modestweakening in calendar-year underwriting margin was offset by higherinvestment income, according to a new report by Fitch Ratings.

The sectors outlook for the U.S. P&C sector as well as forthe global reinsurance remains stable, reflecting an improvement inmarket fundamentals with generally favorable pricing trends in mostlines and along with several other factors across the sectors.Fitch also maintains a stable rating outlook for the commercial,personal and reinsurance sectors.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].