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Property Insurers’ Ratings Under Pressure as Risk Rises, Morningstar Says

July 12, 2023

The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said in a research note on Wednesday.

Reinsurers, which insure insurance companies, have been raising rates in recent years due to growing losses that industry players say are in part driven by the impact of climate change.

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