Recovery on cards as top 30 insurers restore capital

However, it also raised concerns about the looming threat of regulation from European and national authorities which could risk the delicate improvement. Thomas Hess, chief economist at Swiss Re, speaking at the reinsurer’s annual economic forum, said he was “a little bit more confident than a year ago,” highlighting that the sector’s top 30 companies were able to restore their capital during the economic downturn. He said: “Growth will generally be below trend in the major economies in 2010, but will accelerate modestly in 2011. Monetary policy will shift to tightening in late 2010 a...