NU Online News Service, Sept. 8, 3:40 p.m. EDT
The credit outlook on the reinsurance industry remains negative, Moody's Investors Service said in its recent report, "Global Reinsurance Outlook," as fundamentals are expected to weaken in the future.
Moody's said it expects that fundamentals for the sector are more likely to weaken than improve in the next 12 to 18 months. The rating service said the sector will be challenged by soft pricing, overcapacity and low investment yields.
However, this view is already reflected in the ratings and outlooks assigned to individual firms, Moody's noted.
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