Reinsurers domiciled in the Middle East and North Africa (MENA) region continued to benefit from positive pricing momentum over the recent renewal periods, albeit to a lesser extent than the global reinsurance market, according to a new report from AM Best.<\/p>\n
The\u00a0Best\u2019s Market Segment Report<\/i>, \u201cMENA Reinsurer Performance Benefits from Pricing Environment, Higher Interest Rates,\u201d forms part of AM Best\u2019s look at the global reinsurance industry during the Rendez-Vous de Septembre in Monte Carlo. Additional reports, including AM Best\u2019s annual analysis of the world\u2019s largest reinsurance groups and in-depth looks at the insurance-linked securities, life\/annuity, health and regional reinsurance markets, have been published during August and September.<\/p>\n
\u201cThe performance of MENA\u2019s reinsurers has been adversely impacted in recent years by an increasing volume of natural catastrophe losses and several single, large loss events,\u201d said Emily Thompson, senior financial analyst, AM Best. \u201cFollowing greater incidences of weather-related losses, such as flood events (particularly in the Gulf Cooperation Council countries), reinsurers in the region are having to further adapt pricing and modelling capabilities to ensure these exposures are appropriately factored into underwriting decisions and risk appetites.\u201d<\/p>\n
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Reinsurers domiciled in the Middle East and North Africa (MENA) region continued to benefit from positive pricing momentum over the recent renewal periods, albeit to a lesser extent than the global reinsurance market, according to a new report from AM Best. The\u00a0Best\u2019s Market Segment Report, \u201cMENA Reinsurer Performance Benefits from Pricing Environment, Higher Interest Rates,\u201d …<\/p>\n","protected":false},"author":2,"featured_media":8416,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,2],"tags":[9,1310,1336],"class_list":["post-8436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news","tag-business","tag-general","tag-insurance"],"yoast_head":"\n