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Rates in Bermuda reinsurance market to remain under pressure through 2017

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Rating agency Fitch Ratings Ltd. said that the bottom of the soft reinsurance market in Bermuda will not be reached through 2017, Artemis.bm reports. 
Pricing is expected to remain under pressure through 2017 and any further decline in the material price could lead to negative rating actions on reinsurers in Bermuda. 
Growth of insurance-linked securities, alternative capital and collateralized reinsurance continues to exert pressure on the reinsurance market. 

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