Agencies impressed by industry response to 2011
Ratings agencies have praised reinsurers for tightening underwriting and risk management in reaction to last year's $100bn+ cat burden and have given the sector a stable outlook.
As the global reinsurance sector gathered in Monte Carlo for this year's Rendez-Vous, the ratings agencies said the reinsurance market had borne up well under record international catastrophe losses due to its strong capitalisation.
Moody's said its stable outlook for the reinsurance sector reflected the market's resilience - noting that shareholder equity had...
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