In industry news:

Moody’s has released a “negative outlook” determination for global reinsurance markets. Excess capacity and shrinking demand for reinsurance are the main reasons for the rating agency’s action moving into 2016. However, the global life and P&C primary insurance industries both have stable outlooks for 2016. According to Moody’s, reserve releases and benign cat losses have obscured the full extent of the deterioration in reinsurers’ earnings.

Read further details via Reactions Net here.

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