Moody's changes global reinsurance outlook to stable from negative
Moody's Investors Service has changed the outlook on the global reinsurance sector to stable from negative 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.
A new Moody's Industry Outlook report predicts that, over the coming 12-18 months, these positive trends should neutralise the challenges facing the industry.
Dominic Simpson, a Moody's vice president
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