Reinsurance capital to grow 6.2% in 2023, no start-ups in sight: AM Best
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Reinsurance capital to grow 6.2% in 2023, no start-ups in sight: AM Best

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AM Best estimates a 6.2% increase in traditional reinsurance capital in 2023, along with the possibility of new reinsurers being formed, although the ratings agency “has not seen any material capital allocated to start-up reinsurers thus far in the cycle”.

Even as reinsurers have started to benefit from the standard of higher attachment points over the first half of 2023, the report pointed out, several reinsurers have opted not to deploy capacity in higher volatility lines with market participants...

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