S&P Finds Reinsurers Gloomy On Pricing

Reinsurance executives who attended a recent New York forum were not holding out much hope that their industry’s current price softening cycle will end without too much financial pain, Standard & Poor’s said.

S&P also reported that participants at its reinsurance forum said that even though softening prices have not yet begun to hit reinsurer bottom lines, management teams said they are already looking at how they can protect future earnings in a cycle that could turn out far different from all prior cycles.