Somers Re News

No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines

Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit on the market sidelines, a market executive said recently. During an AM Best Reinsurance Briefing, Aditya Dutt, president of Aeolus …

Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected

When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually saying anything unique. Carlos Wong-Fupuy, a senior director for AM Best, who spoke during an online briefing on Monday, referred …