“It has taken 17 years to get to that point”
Earlier this year, AM Best revised its market segment outlook for the global reinsurance industry to positive, for the first time ever, citing robust profit margins along with higher attachment points and tighter terms and conditions as the reasons for its revision.
In a market briefing at Rendez-vous de Septembre in Monte Carlo, leaders from across the rating agency giant gathered to discuss the unique conditions of this hard market – and why they think this cycle is different to previous ones. Offering a comparison with previous hard cycles, Carlos Wong-Fup