In a reassuring turn of events, the mid-year results for global non-life reinsurers in 2023 have showcased robust underwriting profits, according to Fitch Ratings.
The 18 non-life reinsurers under Fitch’s scrutiny have collectively achieved an impressive reinsurance combined ratio of 88% during the first half of the year. This figure takes into account moderate catastrophe losses of 6.7 percentage points (pp).
