Best’s Market Segment Report: US and Bermuda Reinsurers Maintain Strong Performance Despite Softening Market
A composite of AM Best-rated U.S. and Bermuda reinsurers generated a fifth-straight year of underwriting profitability, even as premium growth fell sharply,according to a new AM Best report.
The Best’s Market Segment Report, “US & Bermuda Reinsurers Maintain Strong Performance Despite Softening Market,” is part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, including AM Best’s ranking of top global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd’s, life/annuity, health and regional reinsurance markets, will be available during August and September.
AM Best’s composite of U.S. and Bermuda reinsurers consists of seven reinsurance groups domiciled in either the United States or Bermuda, for which the reinsurance business accounts for the majority of their underwriting portfolios. The seven companies are Arch Capital Group Ltd.; Everest Group, Ltd.; General Re Corporation; Odyssey Group Holdings, Inc.; PartnerRe Ltd.; RenaissanceRe Holdings Ltd.; and Transatlantic Holdings, Inc. (Transatlantic).
