World Insurance Report
P/c profits slide 59% in first half 2009
US insurers’ $12bn in overall capital losses for the first half of this year is the result of write-downs on impaired investments
US property/casualty insurers saw a sharp fall in their overall profitability in the first half of 2009, despite improved
underwriting results, leading industry experts to argue that the market must significantly improve underwriting performance
to match past profitability in the light of current low interest rates and investment yields.