Best’s Market Segment Report: U.S.-Bermuda Reinsurers’ Technical Results Improve Amid Investment Losses
Despite deterioration in overall profitability,
The Best’s Market Segment Report, “U.S.-Bermuda Reinsurers’ Technical Results Improve Amid Investment Losses,” is part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in
According to this report, AM Best’s composite of 21 reinsurance groups domiciled in the
“These favorable trends, combined with catastrophe activity that impacted primary carriers more than reinsurers during the first half of the year, suggest that the composite should be able to sustain, and even improve upon 2022 results,” said
Despite the high natural catastrophe activity, the composite’s 2022 accident year (excluding prior year reserve development) combined ratio of 94.7 was 7.5 points better than the 102.2 ratio in 2021. The year-over-year improvement was due largely to steady improvement in reinsurance pricing, terms, and conditions.
The report also notes that significant realized and unrealized investment losses led to an aggregate net loss for the
To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=335162.
A video discussion of this report also is available at http://www.ambest.com/v.asp?v=globalreusbermudareinsurance923.
For future global reinsurance reports ahead of Rendez-Vous de Septembre, please visit Best’s Research.
Lastly, AM Best will host its annual reinsurance market briefing at Rendez-Vous de Septembre on
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in
Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Source: AM Best
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