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Reinsurers pressured with growth in ILS: Credit Suisse

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Analysts at Credit Suisse A.G. have said that traditional reinsurers are likely to be pressured by the anticipated growth in insurance linked securities and capital market participation in reinsurance sector, reports Artemis.bm.

Established reinsurers' profits will be hit by alternatives to traditional reinsurance, the analysts said.

The analysts placed the ratings on Munich Reinsurance Co. at "underperform" and downgraded Hannover Re S.E.'s rating to "neutral".

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