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TMCNet:  Fitch Publishes Bermuda (Re)Insurance Market Dashboard

[February 25, 2014]

Fitch Publishes Bermuda (Re)Insurance Market Dashboard

CHICAGO --(Business Wire)--

Link to Fitch Ratings' Report: Bermuda Market (Re)Insurance Dashboard

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=736599

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 itdifficult 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'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON (News - Alert) THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.


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