Further reinsurance price declines, weakening of T&C’s expected: Fitch
Friday, 05 22 2015, Category: Insurance and Reinsurance, Country: World
As the reinsurance market rapidly approaches the key June and July renewals, Fitch Ratings says that it expects a continued decline in prices and further weakening of terms and conditions, as the market battles to put excess capital to work.
In its latest global reinsurance dashboard, rating agency Fitch makes it clear that it sees no end to the difficult conditions that traditional reinsurers have been facing.
Fitch’s outlook for the global reinsurance sector has been negative since early 2014, based on intense competition and sluggish demand impacting traditional reinsurers and causing a soft market.