Reinsurance consolidation will continue: Fitch
Friday, 09 21 2018, Category: Insurance and Reinsurance, Country: World
As global reinsurance executives gathered in Monte Carlo for their annual Reinsurance Rendezvous, Fitch Ratings said it expects consolidation of the industry will continue.
The firm said intense market competition and capital levels will continue to drive merger and acquisition (M&A) activity in the reinsurance sector while smaller players lacking scale and diversification will see further pressure on growth and profitability.
Source: Insurance Journal