European reinsurers well-placed to absorb cat losses and take advantage of continued price increases: Fitch

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The big four European reinsurers are well capitalised to absorb catastrophe losses and build on pricing increases that are expected to continue into next year, Fitch Ratings has said.

At a briefing ahead of the reinsurance sector’s annual conference in Monte Carlo next week, the ratings agency said that Munich Re, Swiss Re, Hannover Re and Scor are all capitalised in excess of

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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