Willingness to adapt has protected reinsurance ratings
Wednesday, 09 16 2015, Category: Insurance and Reinsurance, Country: World
A willingness by reinsurers to change strategy and tap new markets has resulted in the expectation that many firms will maintain their current credit rating.
Analysts from rating agency Standard & Poor’s (S&P) told Monte Carlo Today that the flexibility demonstrated by the reinsurance industry and the willingness to embrace new products and markets have played a big role in securing current standings.
Source: Intelligent Insurer