Fitch stays negative on P&C (re)insurance outlook

Fitch is maintaining its negative outlook on the property and
casualty (re)insurance sector, citing an excess of capital and
strains on pricing.
(Re)insurers continue to have difficulty raising rates to
generate sufficient underwriting results and produce adequate
returns on capital, the credit ratings provider said yesterday in a
report.
"Competitive market conditions and low investment yields,
particularly in the US and UK, are making it difficult for
(re)insurers," said Mark Rouck, group cred