Fitch more positive about German GI sector
Fitch Rating has today revised the outlook for the German non-life insurance sector to stable from negative due what it described as "increased investment income in 2009 and an increase in motor insurance premium rates in early 2010".
Fitch had previously maintained the sector's negative outlook in June 2009 due to significantly lower investment income in 2008 and early 2009 and the soft market - especially in motor insurance.
Howe
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