The global reinsurance industry demonstrated a significant recovery of prior-year capital losses in 2023, driven by strong technical results, unrealized capital gains and higher reinvestment rates, according to a new AM Best commentary.
Tag: global reinsurance industry
Global Reinsurers Adjust as Traditional Risks Take on Unpredictable Patterns
Although the global reinsurance industry has been able to absorb the exceptional shock from the COVID-19 pandemic, perils that are becoming more complex and interrelated highlight the need for innovation to cover unmodeled risks as they emerge, and traditional risks as they evolve, according to a new AM Best special report. In its latest annual… Continue reading Global Reinsurers Adjust as Traditional Risks Take on Unpredictable Patterns
Global Reinsurers Grew Capital Robustly in 2019, Although Underlying Returns Remain Low: Willis Re
Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth. This was primarily driven by 2019’s strong investment market performance and was achieved despite a 3% contraction in alternative capital, according to the latest Reinsurance Market Report from Willis Re, the reinsurance business of leading global… Continue reading Global Reinsurers Grew Capital Robustly in 2019, Although Underlying Returns Remain Low: Willis Re