Global reinsurance outlook no longer negative
Moody's Investors Service has changed the outlook on the global reinsurance sector from negative to stable reflecting the momentum for a hardening in reinsurance rates, a refocusing on the value of reinsurance, and the good risk management and discipline across the sector in response to recent catastrophe losses.
The latest Moody's Industry Outlook report predicts that, over the next 12-18 months, these positive trends should neutralise the challenges facing the industry.
Dominic Simpson, a Moody's vice
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