Fitch: Bermuda Reinsurer Profits Affected by Excess Capital, Stern Competition
A review of 2015 audited GAAP financial statements of 19 Class 4
"
Favorable loss reserve development improved the group aggregate combined ratio by 6.5 percentage points in 2015, the lowest amount since 2010.
In addition,
The group continues to report a strong capital position. Shareholders' equity declined year over year, decreasing 6% in 2015 to
The
After several years of intense merger and acquisition activity in the global reinsurance sector, the pace of deals has slowed. Fitch believes that further merger & acquisition activity is possible, though likely not at the scale seen in 2015.
The report '
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