Reinsurance fall
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE GLOBAL reinsurance industry had its best-ever year in 1997, but declining rates, falling demand and dwindling investment returns mean that the outlook for the sector is bleak, the ratings agency, Standard and Poor's, said yesterday.
"We can expect rates to fall between 5 and 10 per cent, and that's going to put some pressure on the industry," said S&P director, Don Watson.
He added that turmoil in world equities meant reduced underwriting results would not be buoyed up by investment returns.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments