08-09-2020
The global reinsurance sector will fail to earn its cost of capital this year amidst the intense market volatility caused by the COVID-19 pandemic, while some of the top 20 reinsurers could suffer a capital event, suggests latest reports by S&P Global. The ratings agency said that entering 2020 the expectation was that the reinsurance industry was on the right path to improve their results, after struggling to earn its cost of capital for the past three years. However, the insured losses and investment volatility related to the COVID-19 pandemic have already...
S&P, Capital, Coronavirus, Insurance, Reinsurance, Global
