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2012 Global reinsurance update

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<title>2012 Global reinsurance update</title>
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<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20110025465">
<namePart>Street, Martyn</namePart>
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<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20110001322">
<namePart>Schneider, Brian C.</namePart>
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<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20100042625">
<namePart>Grimes, Christopher A.</namePart>
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<namePart>Fitch Ratings</namePart>
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<issuance>monographic</issuance>
<place>
<placeTerm type="text">New York</placeTerm>
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<publisher>Fitch Ratings</publisher>
<dateIssued>2012</dateIssued>
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<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
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<abstract displayLabel="Summary">Fitch Ratings expects a marked rise in reinsurers 2012 earnings, driven by a lower catastrophe burden and improving pricing conditions. The net written premium (NWP) growth expected in 2012 reflects upward pricing movements and greater sales of certain reinsurance protection, due to recent revisions of catastrophe models and in the wake of 2011 catastrophe losses. Growth will be marginally offset by lower levels of reinstatement premiums, reflecting an expected reduction in catastrophe activity during 2012</abstract>
<note type="statement of responsibility">Martyn Street, Brian Schneider, Christopher Grimes</note>
<note>Internacional</note>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080552367">
<topic>Reaseguro</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080602529">
<topic>Mercado de reaseguros</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080611880">
<topic>Perspectivas del seguro</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080582180">
<topic>Ratios de gestión</topic>
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<recordCreationDate encoding="marc">120503</recordCreationDate>
<recordChangeDate encoding="iso8601">20120503113350.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20120018853</recordIdentifier>
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<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
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