Global reinsurance sector's outlook remains stable: Moody's

A report by U.S.-based Moody's Investors Service Inc. said that the global reinsurance sector's outlook remains stable for the next 12 to 18 months on the back of strong balance sheets, mergers and acquisitions and rising profits, Asia Insurance Review reports. "Good risk management and underwriting discipline mean reinsurers' balance sheets remain strong, while modest price hikes following the severe natural catastrophes in 2017 and higher interest rates will bolster profits," said James Eck, vice president and senior credit officer at the ratings agency.

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