Bermuda (re)insurer returns peaking, but should remain ‘favorable’ in 2024: Fitch
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Bermuda (re)insurer returns peaking, but should remain ‘favorable’ in 2024: Fitch

Kyoung-son Song
January 22, 2024
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Fitch Ratings said that underwriting profitability for Bermuda (re)insurers is likely reaching a peak at current levels, although returns should continue to be favorable as market conditions remain attractive.

In a market update released Monday, the ratings agency said the meaningful underwriting improvement seen in 2023 will be limited this year, as premium rate increases decelerate, and loss-cost inflation persists.

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Kyoung-son Song
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