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.
Despite the current lull, parts of Latin America are prone to hurricanes, earthquakes and other major disasters, said AM Best Director Eli Sanchez and Financial Analyst Ricardo Rodriguez Perez.
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.
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.
