Industry | 2011.04.26
A.M. Best Special Report: Reinsurer Capacity Grew in 2010 Despite Catastrophe Losses, Capital Maneuvers
OLDWICK, N.J.--(BUSINESS WIRE)--A string of major catastrophes, a persistent soft market and the near exhaustion of excess reserves have placed global reinsurers at a critical point, and the industry’s response may determine whether A.M. Best Co.’s outlook on the sector remains stable or turns negative. Reinsurers face dual imperatives of surviving the soft market in the short term and positioning themselves for the eventual upward turn in pricing. The events in the Pacific Rim early in 2011—the
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