NU Online News Service, Dec. 20, 3:55 p.m. EST
Local reinsurers are expected to benefit from new regulations inBrazil that require local insurance companies to cede 40 percent ofreinsured risk to local reinsurers, according to Moody's CreditOutlook.
"In our view the new regulations provide considerablecompetitive advantage to local reinsurers, as they will effectivelybe competing only amongst themselves for at least 40 percent ofeach and every risk," wrote Rodolfo Nobrega, vice president andsenior analyst.
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