Global reinsurers’ RoE hiked to 22% in 2023, Milton losses unlikely to soften market

AM Best’s composite of global reinsurance companies posted a return on equity of 22 percent in 2023, marking a five-year high, with full-year earnings for 2024 expected to remain favourable as the combined impacts of Hurricanes Helene and Milton stall any softening of the market cycle.

 

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