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
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