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posted on February 28, 2008
A.M. Best: Reinsurance Sector Stable
Solid earnings, healthy balance sheets, and enhanced ERM are key drivers
A.M. Best Co. is maintaining a stable outlook in 2008 for the global reinsurance sector for the second consecutive year. The affirmation of the sector's outlook reflects generally strong balance sheets, continued improvements in enterprise risk management, and general earnings momentum through 2007. This current outlook implies that the majority of 2008 reinsurer rating actions are likely to be affirmations with stable outlooks and only a modest amount of anticipated rating or outlook changes. However, as assessed at the Jan. 1 renewal, price deterioration, competition, and increased cedant retentions are drivers of concern relating to the sustainability of the sector's long-term operating performance.
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