The year 2014 will be complicated for reinsurers

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Standard & Poor’s has forecasted a difficult year 2014 for the reinsurance business. According to the rating agency, competition among reinsurers will remain behind the downward trend of profits that would be lower than the average value reported in the past five years.

Used with permission from Microsoft Global capacity excess will enhance this phenomenon. The decline in demand will also reduce the volume of premiums. S&P estimates that half of the major reinsurers will be exposed to intense competition which is likely to have negative effects on their ratings. Smaller reinsurers along with the Bermudians will see their margins greatly reduced.

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Fri, 28/02/2014 - 09:31
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