Strong capital adequacy and strategic pricing continue to drive the segment
Global reinsurers are showing a growing appetite for natural catastrophe risks, according to recent insights from S&P Global Ratings.
During the January 2024 reinsurance renewals, 19 of the largest global reinsurers rated by S&P increased their exposure to natural catastrophes, with an average overall increase in risk exposure of 14%.
However, a smaller group of reinsurers opted to reduce their exposure. This shift comes amid favorable reinsurance pricing and improving net investment income in 2023 and 2024, which have provided reinsurers w