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Reinsurance market maintains stable outlook

Fitch Ratings has maintained a stable rating outlook on the global reinsurance sector, which faces several key challenges, in particular that of increasingly difficult market conditions and balancing demands for returns on capital with financial flexibility.

Companies' operating performance and capitalization are likely to support current ratings over the next 12-18 months, Fitch said in a report published today.

The rating outlook for the life

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FCA and PRA turn spotlight on MGA oversight

The Financial Conduct Authority and Prudential Regulation Authority are sharpening their scrutiny of managing general agents, stressing insurers must take primary responsibility for businesses underwriting on their behalf.

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