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.
0
Your rating: None
Fri, 20/06/2014 - 11:17
The online magazine
Live coverage
15:27
14:22
14:12
10:33
04/25
Latest news