Fresh opportunities for innovative reinsurers
Thursday, 02 22 2018, Category: Insurance and Reinsurance, Country: United States
The latest A.M Best review of the U.S. property/casualty industry has highlighted how reinsurers are responding to disruptive innovation by shifting strategies to look for opportunities to benefit from, and collaborate with the influx of alternative capital into the market.
Part of what has pressured this market so significantly is the growth in convergence capacity and its concentration toward U.S. property catastrophe risk. Third-party capital continues to enter the reinsurance market in search of a non-correlating asset class to a broadly diversified investment portfolio.