US-Bermuda reinsurers should sustain or improve underwriting in 2023: AM Best
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US-Bermuda reinsurers should sustain or improve underwriting in 2023: AM Best

Samuel Casey
31 August 2023
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Sailboat in the Hamilton, Bermuda, harbor.

US and Bermuda reinsurers are likely to “sustain and even improve upon” underwriting results in 2022 due to favourable trends in the reinsurance market, according to AM Best.

The ratings agency said rates have risen “sharply” at key reinsurance renewals this year, while catastrophe activity in the first half mainly affected primary carriers, pointing towards favourable results in 2023 if there are no outsized cat losses in...

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Samuel Casey
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