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via reinsurancene.wsBusiness & Companies

France riots put SRCC accumulation risk in focus for re/insurers, Morningstar DBRS says

FROM THE WIRE · REINSURANCENE.WS

France’s latest riots are expected to cost insurers no more than €1 billion-€1.2 billion, according to Morningstar DBRS, assuming no further violence. The

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishEstimated insurance losses from the riots could weigh on re/insurance shares if violence does not spread further.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Morningstar DBRS estimates insurance costs of €1 billion to €1.2 billion.
  2. 02The estimate assumes no further violence.
  3. 03The issue concerns SRCC accumulation risk for re/insurers.

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