News Non-Life29 Mar 2022

Australia:Insurers remain resilient in the face of massive floods because of reinsurance support

| 29 Mar 2022

Recent flooding and severe storms in south-east Queensland and New South Wales will affect insurers' earnings rather than their capital, as a result of strong reinsurance programmes, says Fitch Ratings. Insurers' robust earnings and capital headroom should ensure their ratings remain resilient to these effects.

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