The rise in interest rates has led to stabilised ratings for insurers in the US, but risks for reinsurers continue to heighten.
According to Standard and Poor’s’ (S&P) latest report: Downside Pressure Eases Mid-2014 For Most Global Insurance Key Risks, ratings stability is more evident compared with a year ago, as eurozone sovereign outlooks resolve and greater capital and earnings certainty is expected.
"Nevertheless, reinsurance sector risks have heightened after a long period of stability, as we expect earlier soft market- pricing conditions to continue into the June/July renewal season," said credit analyst Michael Vine.
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S&P, North America, Standard & Poor's, Europe
