Reinsurance rate rises unsustainable: Fitch Ratings
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A report by U.K.-based Fitch Ratings Ltd. said that the global reinsurance market cannot sustain the rate increases seen at the January renewals throughout 2018 and beyond as long as capital levels from insurance-linked securities players in the sector remain high, Artemis.bm reports. "Intense market competition and the endurance of alternative capital have depressed prices in recent years," the ratings agency said. The, "significant catastrophe loss activity in the third quarter of 2017 did not deter capital market investors in the following months," Fitch added.
