2013 Outlook : global reinsurance
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<subfield code="a">The reinsurance sectors capital, underwriting and operating trends are expected to support reinsurers current ratings over the next 12-24 months. Fitch Ratings base case anticipates a further strengthening of the sectors already strong capitalisation. Nearterm earnings uncertainty continues to recede, in contrast to 2011, but the persistence of low investment yields and sustainability of prior-year reserve surpluses are expected to make it more challenging for reinsurers to maintain similar profitability levels in 2013 </subfield>
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