Fitch Ratings has revised its outlook on the global reinsurance sector to neutral, signaling the end of the previous pricing peak while maintaining expectations for continued profitability. Despite this shift, Fitch anticipates a stable environment for credit drivers over the next year, supported by strong capital positions and favorable underwriting conditions. However, the market is showing signs of softening, with increasing capital growth outpacing demand, which could lead to more competitive pricing in 2025. Overall, the rating agency predicts solid returns and a combined ratio of around 90, despite potential declines in profit margins in the coming years.
