March 17, 2020 / 6:14 PM / 11 days ago

BRIEF-Fitch Says Markets, Not Coronavirus Mortality, Is Risk To European Reinsurers

March 17 (Reuters) - FITCH:

* FITCH SAYS MARKETS, NOT CORONAVIRUS MORTALITY, IS RISK TO EUROPEAN REINSURERS

* FITCH SAYS FINANCIAL MARKET DISRUPTION STEMMING FROM SPREAD OF CORONAVIRUS IS MAIN THREAT TO CREDIT PROFILES OF EUROPEAN REINSURERS

* FITCH SAYS PROLONGED STRESS ON EQUITY MARKETS, DECLINES IN INTEREST RATES WOULD WEAKEN EARNINGS & ERODE CAPITAL HEADROOM FOR EUROPEAN REINSURERS

* FITCH SAYS FALLING EQUITY MARKETS, WIDENING CREDIT SPREADS AND DECLINING INTEREST RATES ARE ALL NEGATIVE FOR REINSURERS’ CAPITAL

* FITCH SAYS WHILE FINANCIAL MARKET DISRUPTION COULD LEAD TO EUROPEAN REINSURER DOWNGRADES, DO NOT EXPECT COVID-19 MORTALITY TO DO SO Source text for Eikon:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below