Ratings agencies warn reinsurers
Friday, 12 16 2016, Category: Rating, Country: World
Ratings agencies see the operating environment for reinsurers deteriorating in 2017 which could lead to negative ratings actions particularly for smaller players.
AM Best, Fitch and Moody’s all hold a negative outlook for the global reinsurance sector.
The strain on profitability is evident in reduced risk-adjusted returns with market headwinds at this point, presenting significant longer-term challenges, AM Best stated in its December briefing.
Source: Intelligent Insurer