...Sector Outlook Negative; Rating Outlook Stable: Fitch Ratings' fundamental outlook for the reinsurance sector has been negative since January 2014, as intense market competition and sluggish cedent demand have resulted in softening reinsurance market prices, although there are some recent signs that the market is stabilising. Fitch maintains a stable ratings outlook for the reinsurance sector as most reinsurers will maintain profitability and balance sheet strength over the next 12-18 months commensurate with current ratings. Non-Life Results Deteriorate: Non-life reinsurers' underwriting profits were lower in 1H15 because of an increase in non-catastrophe large marine losses and a higher underlying run- rate loss ratio. Results were still profitable though because of manageable catastrophe-related losses and sustained favourable loss reserve development. The non-life global reinsurers that Fitch tracks achieved a reinsurance underwriting combined ratio of 89.3% in 1H15, a deterioration...
