AM Best: positive outlook for the global reinsurance market

Gobal reinsurance marketAM Best has revised the outlook for the global reinsurance market from stable to positive.

According to the rating agency, reinsurers' profit margins remain healthy enough to absorb higher losses.

Another factor behind AM best's decision is the favorable terms and conditions observed in the reinsurance market, following an upward revision of rates.

In addition, demand for coverage remains strong as a result of rising natural catastrophe claims and economic uncertainty.

The reinsurance portfolios of the market's biggest players are showing steady improvement, thanks to higher rates and increased demand from cedants.

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