Canadian Underwriter reports today that financial strength in the global RI market has fallen over the past 5 years, per S&P.
Factors include:
- withdrawal by broad-based companies from the RI arena
- earnings underperformance
- volatility of the market
> It seems that industry risk is set to remain high for property/casualty reinsurance, driven by issues that are unlikely to improve materially in the years to come”
says S&P analyst Laline Carvalho.
On the upside, apparently, S&P see improvements in enterprise-level risk management.
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