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Member, Beacon International Group, Ltd.
U.S.-based S&P Global Ratings Inc. said that conditions in the Bermudian reinsurance market are unlikely to change throughout the rest of this year, with prices remaining depressed and organic growth tepid, Artemis.bm reports. "We expect first quarter to be fairly representative of how the year will play out for Bermudian reinsurers in terms of pricing, competition, and capital management," the ratings agency said.