(Bloomberg) ? The reinsurance industry has a ?stable? credit-rating outlook as companies raised about $27 billion in new capital and trimmed their coverage of natural disasters, said Moody?s Investors Services.

Reinsurers, which help insurance companies shoulder risks, absorbed about $40 billion of losses stemming from record claims on last year?s US hurricane season, Moody?s said in a report.

Investors backed new companies and put up capital to take advantage of higher prices for coverage after the storms, Moody?s said.