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International

Four major rating agencies place negative outlook on global reinsurance sector

October 07, 2015 Reprints

Four major rating agencies have placed a negative outlook on the global reinsurance sector, reported The Royal Gazette.

Fitch Ratings Ltd., Standard & Poor's Corp., Moody's Investors Service Inc. and A.M. Best Co. Inc. have a negative outlook on prospects for the reinsurance sector. A.M. Best said that continuing pressure on pricing is one of the factors for the negative outlook. Reduced profits and tighter margins is the rationale behind S&P's negative outlook on the sector.

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Four major rating agencies place negative outlook on global reinsurance sector

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