Capacity holds back prices as cat losses build, says Moody’s

15-09-2021

Capacity holds back prices as cat losses build, says Moody’s

Brandan Holmes, vice president & senior credit officer, Moody’s

At its reinsurance outlook event, the ratings agency explained its recent upgrade of the sector from negative to stable. Vice president and insurance credit analyst Helena Kingsley-Tomkins said vaccine rollouts and easing of restrictions were fostering recovery across many G20 economies. That was bolstering demand for insurance and reinsurance—“particularly given the greater risk awareness brought on by the pandemic”, she added.


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