Among the highlights of S&P Global Ratings’ briefing into where the global reinsurance sector stands in 2023, it was highlighted that the sector is stabilising as ‘green shoots emerge in underwriting’. Amid ‘much-needed’ structural changes in reinsurance underwriting, S&P has upgraded its view of the global reinsurance sector from negative to positive as it believes it will earn its cost of capital in 2023-2024.
