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2011-2012 Global reinsurance review and outlook

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<title>2011-2012 Global reinsurance review and outlook</title>
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<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20110025465">
<namePart>Street, Martyn</namePart>
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<namePart>Fitch Ratings</namePart>
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<issuance>monographic</issuance>
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<placeTerm type="text">New York</placeTerm>
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<publisher>FitchRatings</publisher>
<dateIssued>2011</dateIssued>
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<abstract displayLabel="Summary">Fitch Ratings believes that the reinsurance sectors capital, underwriting and operating trends will support reinsurers current ratings over the next 12-24 months from September 2011. The agencys base case anticipates continued capital strength and a gradual recovery of earnings into 2012, assuming a normalised level of catastrophe losses over the period. The sectors earnings outlook remains uncertain due to pressure on investment income, premium pricing adequacy and declining prior-year reserve surpluses -- Reduced profitability in 2011</abstract>
<note type="statement of responsibility">Martyn Street... [et al.]</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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<recordCreationDate encoding="marc">110926</recordCreationDate>
<recordChangeDate encoding="iso8601">20110926113521.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20110056070</recordIdentifier>
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