The Brazilian insurance sector is expected to remain stable in 2014 due to continued solid growth and stable fundamentals, despite pressures on financial income and a slight increase in leverage, according to a new Fitch ratings report released today. In 2014 we expect strong growth for Brazilian insurance, although high capital market volatility is likely to continue to pressure profitability and leverage, said Esin Celasun, Associate Director. We also expect stable reserve development. The stable rating outlook indicates the high likelihood that Fitch will affirm most Brazilian insurance and reinsurance companies ratings in 2014.
Posted on: Tue, 03 Dec 2013 15:09:46 +0000
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