AM Best delivers the verdict following various market developments
AM Best has revised its outlook for the global reinsurance segment to positive from stable, signaling clear sailing ahead for the industry – but not without its challenges.
In 2023, for the third consecutive year, the global reinsurance segment generated positive underwriting results, with several reinsurers reporting combined ratios below 90%. In 2022, these results were heavily offset by unrealized investment losses in fixed income portfolios, which have since been mostly recouped due to higher reinvestment