Fitch warns of insurers' ability to absorb cost of further storms
Fitch Ratings has deemed losses from Storm Desmond will be manageable for insurers but will impact the sector's ability to absorb further weather-related losses over the winter, should they occur.
Fitch said the loss estimates of £150m to £350m are equivalent to between three and seven percentage points of the sector's combined ratio for 2015 which it had forecast as 90%, excluding the impact
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