Reinsurance rates still under pressure: Moody'sReprints
Moody's Investors Service Inc. said that the outlook for property/casualty reinsurance pricing over the next 12 to 18 months is bleak, reports Artemis.bm.
The rating agency expects property/casualty insurance pricing to be either flat or down over the next 18 months.
Moody's expects the most pressure on property/casualty insurance being on the commercial lines in North America.
Latin America is expected to see broadly flat rates and pricing, said Moody's.