Fitch: More stable reinsurance rates not a meaningful positive

Fitch Ratings said the reinsurance sector had moved closer to
the point of losing its stable ratings outlook in 2016, with
carriers facing extended difficulties from low investment yields
and deteriorating underwriting performance.
The rating agency computed its outlook based on the individual
ratings held by the peer group of reinsurers it follows. It has had
a negative sector outlook on the industry as a whole since
2014.
Fitch senior director Martyn Street said that rate reductions
might have