Europe’s ‘big four’ reinsurers improve results despite nat cat losses, says Best

While Lloyd’s improves but faces headwinds from inflation and conflict

Europe’s ‘big four’ reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – benefited from material premium rate increases across many P&C business lines in 2021, but were heavily impacted by nat cat losses in 2021, according to AM Best.

The ratings agency noted that a return on equity of 8.1%,...

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