U.S.-Bermuda reinsurers well capitalized as composite’s combined ratio improves three points, said Gregory Dickerson, director, AM Best.
The industry remains well capitalized and is dominated by the large global players, but faces incremental competition from shifting business models, said Edward Kohlberg, director, AM Best.
Reinsurers that can balance long-term strategies with effective tactical decisions and sound risk management can still meet, even exceed, return expectations, said AM Best Senior Director Sridhar Manyem and Industry Analyst Helen Andersen.
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.
Underwriting losses and poor investment returns dragged the large Asian reinsurers’ 2022 operating performance, said AM Best Senior Director, Head of Analytics, Christie Lee and Associate Director, Analytics, Chris Lim.
