AM Best: Global reinsurance RoE falls to 7.7%

The reinsurance sector's average return on equity (RoE) fell
to 7.7 percent in the first half of 2016, 2 percentage points below
the five-year average, according to AM Best.
In a special report, the rating agency said global reinsurers
were still battling compressed profit margins, with the pressure on
reinsurance pricing and terms and conditions fuelled by
more-than-ample capacity in the market and low catastrophe loss
activity.
In the first half, the global reinsurance combined ratio was
95.5