Traditional reinsurance capacity is projected to fall in 2022 as third-party capital holds steady, said AM Best Senior Financial Analyst Dan Hofmeister.
Stability has been driven by reduced property-catastrophe exposures and a hardening market, said AM Best Senior Director Carlos Wong-Fupuy, referencing a new Best's Market Segment Report.
A solely focused life reinsurer breaks into the top five of the annual list for the first time, said Clare Finnegan, senior financial analyst, AM Best, referencing a new Best’s Market Segment Report.
The life and annuity and health reinsurance segments suffered in 2021 due to adverse mortality trends driven by COVID-19, but the impact on profits varied, said AM Best Director Doniella Pliss and Senior Director Michael Porcelli.
Major Asia-Pacific reinsurers continued to deliver stable operating ratios and return on equity in 2021, compared with global peers, said AM Best Senior Director, Analytics, Christie Lee, referencing a new Best's Special Report.
