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Reinsurance sector needs systemic change to survive: A.M. Best


Robert De Rose, senior director at U.S. credit rating agency A.M. Best Co., said that the global reinsurance sector needs systemic changes in order to survive in the long run, Asia Insurance Review reports. The main impediments facing the sector include intense competition, excess capacity, potential for increased inflation, less cushion in carried loss reserves and continued interest from third-party capital.

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