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AM Best insurer ratings trend negative for second consecutive year

Nonetheless, the rating agency labels the changes as "modest"

Verisk estimates Otis insured loss at $3bn-6bn

AM Best predicts insured losses from hurricane Otis could hit $6.5bn

Otis made landfall as a category 5 hurricane near Acapulco

Europe's top 10 non-life insurers remained unchanged in 2022, but profits fell

Lower down the rankings, there was more movement, the rating agency found

Profitability pressures to continue for cat-ravaged insurers

AM Best cuts US homeowner outlook to negative with no profitability forecast soon

RVS 2023: reinsurers facing challenges in specialty expansion plans

AM Best cited uncertainty in pricing and modelling in specialty lines

Aon: cat bond market set for largest issuance year ever

But questions remain over investor appetite, AM Best adds

Reinsurers lead the way on innovation, says AM Best

Back-office functions are an example where many players have adopted automation

Hawaii wildfires: 75% of potential $6bn losses insured, says Moody's RMS

Small insures will take the brunt of such losses, says AM Best

AM Best: global reinsurers remain well capitalised

It expects reinsurers to generate underwriting profits that had previously been elusive