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Bermuda re/insurers to see improved pricing & performance in 2023: Fitch

January 24, 2023

Despite heightened catastrophe losses and economic uncertainty, Fitch Ratings expects improved underwriting performances for Bermuda re/insurers in 2023, driven mainly by accelerating premium rates, alongside a market reset in pricing, terms and conditions.

The rating agency states that the underwriting performances of Bermuda re/insurers are positioned to improve as the aforementioned accelerated premium rate increases outpace loss-cost inflation.

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