Best’s Market Segment Report: AM Best Places Negative Outlook on Brazil Reinsurance Market
AM Best has placed a negative market segment outlook on Brazil’s reinsurance market, citing persistent macroeconomic and political uncertainty; a declining interest rate environment, which has led to lower investment income; foreign exchange fluctuations; and evolving reinsurance market conditions.
A new Best’s Market Segment Report, titled, “Market Segment Outlook: Brazil Reinsurance,” states that despite the negative outlook, AM Best believes that there is a strong likelihood that the worst has passed and that conditions in
Although AM Best’s outlook for the Brazilian reinsurance industry is negative, AM Best believes there are several triggers that could stabilize the reinsurance market. Most notable would be the implementation of meaningful economic reforms such as pension and fiscal reforms, which could help facilitate long-term growth and boost confidence domestically and abroad. The other important factor is underwriting-driven profitability. The ability to generate strong overall earnings driven by underwriting would go a long way toward creating a sustainable and prosperous reinsurance segment in
To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=281063.
AM Best recently revised its market segment outlook on the overall global reinsurance industry to stable from negative. To read the market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=280739.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Source: AM Best
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