Industry | 2011.04.26
BestWeek: Dwindling Reserves Could Sway Reinsurance Industry’s Stable Outlook
OLDWICK, N.J.--(BUSINESS WIRE)--The accumulating effects of multiple, major catastrophes, an entrenched soft market and dwindling excess reserves have driven global reinsurers to a crossroads, and the direction the industry takes from here may determine whether A.M. Best maintains its stable outlook on the sector or revises it to negative, according to the latest issue of BestWeek U.S./Canada. A.M. Best’s Global Reinsurance Financial Review notes that reinsurers are under increasing pressure to
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