Rising natural catastrophe losses and inflation shape market outlook
Reinsurers in the Middle East and North Africa (MENA) region continue to benefit from favorable pricing trends over recent renewal periods, although the extent of this benefit lags behind that seen in the global reinsurance market, according to a new report from AM Best.
AM Best noted that MENA reinsurers have faced increasing challenges in recent years due to natural catastrophe losses and several large, single-loss events. In particular, reinsurers are being f