CHICAGO--(BUSINESS WIRE)--Link to Fitch Ratings' Report: Bermuda Market (Re)Insurance Dashboard
Fitch Ratings has published its initial Dashboard Report for the Bermuda (re)insurance sector.
The Bermuda Market (Re)Insurance Dashboard highlights recent market trends, including profitability improvement in 2013, with lower catastrophe losses, continued favorable reserve development, growth in both premiums written and shareholders' equity and flat to reduced pricing trends. Going forward, Fitch expects profitability to deteriorate as underwriting margins weaken from premium rate pressures and a reduced contribution from reserve redundancies. In addition, the persistence of low investment yields will continue to make it difficult to supplement earnings through investment income.
The 'Bermuda Market (Re)Insurance Dashboard' is available on Fitch's website at 'www.fitchratings.com' or by clicking on the link.
Additional information is available at 'www.fitchratings.com'.