Fitch: Harvey unlikely to impact pricing

A benign first half of the year for catastrophe losses means
Hurricane Harvey is unlikely to impact reinsurance pricing, Fitch
Ratings said at its pre-Monte Carlo briefing this morning.
However, rates in the US could be flat to slightly up for
loss-affected lines, it said.
One way Harvey could impact the sector is if it leaves
reinsurers close to exhausting their catastrophe budgets for the
year. Given the erosion of profitability in recent years, Fitch
said there was not enough...