Fitch Ratings said today (1 September 2010) that it expects to see intensification of competitive conditions in the reinsurance market and increasing levels of cat bond issuance.
Fitch’s 2010/2011 Reinsurance Review and Outlook predicted that competition in the global reinsurance industry is expected to intensify, leading to pressure on earnings, but said the rating
outlook for the industry remains stable.
01/09/2010
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Cat bonds and insurance-linked securities (ILS) generally will build on a good 2010 and continue growing into 2011, according to industry experts.
The prediction was made during the AM Best-sponsored webinar, State of the Global Reinsurance Markets.
01/09/2010
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The French government-backed reinsurer Caisse Centrale de Réassurance (CCR), has had its financial strength rating of A++ and issuer credit rating of aa+ affirmed my A.M. Best.
CCR offers reinsurance cover for natural catastrophe, terrorism and other exceptional risks with the support of the French State, its sole shareholder, in the form of unlimited stop-loss
reinsurance.
31/08/2010
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Mergers and acquisitions (M&As) in the reinsurance industry are likely to increase to help companies better compete for casualty business, say reinsurance experts. This is because the casualty
sector requires a stronger balance sheet, which M&As would provide.
This will be in spite of reinsurers’ hesitancy to spend to acquire other companies, because of reduced stock values and lower returns.
31/08/2010
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