Moody's downgrades reinsurance outlook
Moody's has downgraded the outlook assigned to the reinsurance sector from stable to negative.
The rating agency notes that a number of factors are simultaneously putting pressure on reinsurers namely: "oversupply of capacity, new entrants in the form of non-traditional capital, low interest rates, and greater bargaining power of buyers."
As a reminder, Standard & Poor's and Fitch have adopted a similar outlook, earlier this year.
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Fri, 20/06/2014 - 11:17
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