Reinsurance returns could fall below cost of capital: Moody's

Rating agency Moody's has warned that reinsurance returns
are in danger of approaching or falling below the cost of capital
in 2015 due to mounting competition.
In the firm's 2015 outlook report for the reinsurance
sector, Moody's maintained its negative view on the industry,
citing squeezed returns and the influx of alternative capital.
"We expect that reinsurance rates will continue to fall as
long as reinsurers are able to earn their cost of capital and
reduce costs by sharin