|[February 25, 2014]
Fitch Publishes Bermuda (Re)Insurance Market Dashboard
CHICAGO --(Business Wire)--
Link to Fitch Ratings' Report: Bermuda Market (Re)Insurance Dashboard
Fitch Ratings has published its initial Dashboard Report for the Bermuda
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'.
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