insurance 6 september 2005 www fitchratings com analysts chris waterman 44 20 7417 6328 mark rouck 1 312 368 2085 summary fitch s rating outlook on the global reinsurance sector remains stable believes that underwriting operating and capital trends over next 12 24 months will remain consistent with expectations established in july 2004 when it revised its to from negative unknown factor analysis is effect hurricane katrina have at time of going press low end potential loss estimates would make largest insured a single event since 11 2001 tragedy us andrew 1992 related losses approximating upper current or lower conjunction subsequent catastrophe could be large enough for reconsider positive side occurred after sustained period technically adequate premium rates strong formation clearly
