Australian non-life insurance sector to be 'challenged' in 2009 - Fitch
Fitch Ratings has today commented in its annual review report on the Australian non-life insurance sector, "Australian Non-Life Insurance - Well Placed for 2009" that although faced with a number of challenges during 2008, the sector is generally well placed heading into 2009.
"Earnings during 2008 have been impacted by an increase in significant loss events and lower investment returns due to the global financial crisis," notes John Birch, Associate Director in Fitch's
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