For re/insurers, macroeconomic conditions and exposure to the Eurozone crisis had a far from good influence on earning and top-line growth, said Stefan HOLZBERGER, Managing Director AM Best, at a press conference in Monte Carlo. Yet, all the four major rating agencies maintained a stable outlook for the reinsurance sector, as it proved resilient after being confronted with one of the costliest catastrophe years.

According to S&P's, the reinsurance industry is maintaining a stable pattern, with excess capital and a slowly increasing trend in rates, while dealing with the harsh macroeconomic environment and the capital markets' volatility. "These scenario is likely to continue for the next two to three years", the S&P's representatives said.

Fitch Ratings also said it expects price increasing curve to flatten, while the supply of reinsurance will continue to exceed demand across most classes in the next 12 months. Yet, the overall pricing policies remain adequate to support profitability, said the rating agency.

Another potential change was emphasized by Moody's experts, who stressed out that decreasing business in casualty and life reinsurance, as well as low interest rates, are steering reinsurers and new capital towards catastrophe risk.

At the 2012 edition of the traditional meeting, Media XPRIMM is represented by a team consisting of Adriana PANCIU, CEO, Alexandru CIUNCAN, Managing Partner, Oleg DORONCEANU, International Markets Coordinator, and Dimitrios TSOULIAS, International Markets Counselor. Also, XPRIMM Publications will cover the event's debates, along with well-known industry names such as Reaction, Business Insurance, Global Reinsurance, L'Argus de l'Assurances, Insurance Journal etc.