Market News

Reinsurers met the cost of capital for the first time in 4 years, driven by favorable underwriting results and repricing, according to an AM Best report. The report highlights increased investor interest in reinsurance as markets hardened. Read More

Nexus Group has launched a US-based alternative risk transfer unit to provide multiyear structured reinsurance solutions, focusing on property, liability, and multiline insurance. Led by Christof Bentele and supported by Tim Starr and Richard Zhang, the unit addresses growing market demand for tailored, flexible risk solutions. Read More

The implementation of International Financial Reporting Standards (IFRS) 17 has reshaped AM Best's 2023 reinsurer rankings. Reinsurers are now ranked by either gross reinsurance revenue or gross written premium, depending on their reporting standards. This change reflects a significant shift in industry practices, impacting the way the top reinsurers are evaluated globally. Read More

International Financial Reporting Standards (IFRS) 17 is reshaping reinsurers' financial reporting, adding complexity without significantly altering profitability, according to an AM Best report. The standard changes how financial statements are interpreted and compared, particularly affecting traditional metrics and profit recognition timing, especially for life reinsurers. Overall profitability remains stable despite these challenges. Read More

A.M. Best's webinar detailed the robust performance of captive insurance companies, emphasizing their growth and adaptability during a hard market. Industry experts discussed the increasing role of captives in innovative risk management solutions, underscoring their importance in today's challenging insurance landscape. Read More