A.M. Best has released its annual segment review of the global reinsurance industry, which includes a ranking of the top 50 global reinsurance groups and geographic breakouts of reinsurance segments. The Best’s Special Report, titled, “How Relevant Is The Underwriting Cycle?” states that capital continues to be drawn to the reinsurance industry despite the fact that fundamentals are trending in the wrong direction. The report also explores whether the traditional underwriting cycle has grown distorted and notes that the flurry of convergence capital has triggered behavorial changes by the market’s traditional players with more company names appearing for the first time on reinsurance programs in atypical geographies. A.M. Best recently revised its ratings outlook on the global reinsurance industry to negative from stable.
For the full copy of the report, please click on the link below: A.M. Best: Global Reinsurance Segment