NU Online News Service, Dec. 16, 3:11 p.m. EST

Moody’s Investors Service said it is maintaining a cautious view on the reinsurance sector as it expects profitability to be pressured by continued deterioration in pricing, diminishing impact of reserve releases and low investment yields.

Reinsurers are operating in “an increasingly challenging environment,” according to Moody’s, “exemplified by anemic demand, softening prices and some loosening of terms and conditions.”

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