Global reinsurance sector will not earn cost of capital in 2020

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      <subfield code="a">The global reinsurance sector will fail to earn its cost of capital in 2020 amid the coronavirus crisis, Fitch Ratings says following a sector ratings review. Financial performance will be hit by mortality claims and losses from event cancellation, business interruption, credit and surety insurance, as well as by financial market disruption linked to the economic impact of lockdown measures. This follows three years of heightened natural catastrophe losses and increasing US casualty claims, which depressed reinsurers' returns in 2017-2019.</subfield>
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