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Global non-life legacy market ‘buoyant’ – AM Best

June 20, 2022

Activity within the global non-life legacy insurance market is ‘buoyant’, according to a new note from AM Best.

The firm said that demand and supply side factors are driving high levels of activity in the legacy insurance market, with transaction volumes elevated throughout 2021 and into 2022. It also said that the segment had seen an influx of capital and entrants, making conditions competitive. However, challenges remain around inflation, shifting regulations, and impacts from the adoption of IFRS 17.

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