Despite some concerns relating to the soft market environment, A.M. Best Co. said the rating firm is maintaining a stable outlook in 2008 for the global reinsurance sector.

Oldwick, N.J.-based Best pointed to the sector's solid earnings, strong balance sheets and "continued improvements in enterprise risk management (ERM)."

The result of this outlook, according to Best, is that most 2008 rating actions with respect to reinsurers will likely be affirmations with stable outlooks.

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