Traditional reinsurance capacity is projected to fall in 2022 as third-party capital holds steady, said AM Best Senior Financial Analyst Dan Hofmeister.
Inflationary pressures may diminish the underwriting improvements made by South and Southeast Asian reinsurers, said Kanika Thukral, senior financial analyst, AM Best, referencing a new Best's Special 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.
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.
Pricing and claims costs are still pressuring Latin America reinsurers, due mainly to the global inflationary environment, said AM Best Associate Director Eli Sanchez and Senior Financial Analyst Guy Simoes, referencing new AM Best research.
