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Reweb - US personal lines 'stable', claims Moody's.
(From Reinsurance)
The ratings outlook for the US personal lines sector remains stable, reflecting the industry's ability to generate robust profits and improvements to the homeowners' line and the strength of balance sheets, says Moody's Investors Service in its annual report on the sector. It also says that despite the catastrophe losses in 2004, risk-adjusted capitalisation remains strong as surplusses have grown, operating leverage is moderate and reserves on recent accident years seem to be redundant. ...
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