Reported about 1 month ago
Moody's has upgraded its outlook on global reinsurers from stable to positive, citing increased prices and stricter policies in response to significant losses from recent disasters. Reinsurers are benefiting from higher investment income due to rising interest rates, and while property reinsurance prices are projected to remain favorable, a slowing of price hikes is expected next year. The positive outlook marks a significant shift for the reinsurance industry, which has recently regained its cost of capital.
Source: YAHOO