A.M. Best Co. has released a briefing on the 2012 global reinsurance outlook, which concludes that despite the near record number of catastrophic event in 2011, the rating outlook “is being held at stable.”
Best cited the “continued strong risk-adjusted capitalization, prudent enterprise risk management practices and an improving pricing environment across a broadening spectrum of business classes,” as supportive of the ratings outlook.
The rating agency added that it “believes these strengths should provide reinsurers the ability to successfully navigate future obstacles that may arise from the increasingly uncertain and turbulent global macroeconomic conditions that currently confront the industry.”
To access a copy of the full briefing go to: www.ambest.com/press/010902REINSURANCEOUTLOOK.pdf.
Source: A.M. Best
Topics Trends Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
At-Bay to Be Acquired by Munich Re for $575 Million 
Medical Firm to Build $600M Pharmaceutical Manufacturing Site in North Carolina 
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review 
Death of Irish Teens in Crash Prompts Social Media Warning 
