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Member, Beacon International Group, Ltd.
A.M. Best Co. Inc. has said that returns for major global reinsurers are likely to be increasingly challenging to achieve, "if capital continues to enter the market at such high rate, reserve releases decline and pricing continues to soften in the double digits," reported Artemis.bm.
Pressure on reinsurance pricing was evident in 2014 in spite of continued low levels of major and catastrophe losses, the rating agency said, adding that it expects the trend to continue in 2015.