Reinsurance sector retains strong base despite headwinds
Thursday, 11 05 2015, Category: Insurance and Reinsurance, Country: World
The reinsurance industry is still operating from a strong capital base as it approaches the end of 2015 and, even though the soft market continues, an easy landing might be ahead, rating agency Standard & Poor’s (S&P) said in a briefing covering the state of the reinsurance market at the Singapore International Reinsurance Conference yesterday.
Dennis Sugrue, director of insurance ratings at S&P, said that credit conditions remained negative, but that a strong base and a sound defence from reinsurers has enabled most to buy some time.
Source: Intelligent Insurer