Optimism is being countered by an uncertain environment due to underwriting, economic, social and geopolitical factors, said Carlos Wong-Fupuy, senior director, AM Best.
Munich Re held on to the top spot of AM Best's "World's 50 Largest Reinsurers" list in 2022, followed by Swiss Re, Hannover Rück SE and Canada Life Re, the same as in 2021, said Christopher Pennings, financial analyst, AM Best.
Traditional reinsurance capital declined from $475 billion at year-end 2021 to $411 billion at year-end 2022, said Dan Hofmeister, senior financial analyst, AM Best.
Catastrophe bonds remain one of the bright spots in the ILS market, said AM Best Managing Director Emmanuel Modu, referencing a new Best's Market Segment Report.
U.S.-Bermuda reinsurers well capitalized as composite’s combined ratio improves three points, said Gregory Dickerson, director, AM Best.
