Best’s Market Segment Report: Caribbean Property/Casualty Insurers See Reinsurance Costs Climb, Expect Increased M&…

OLDWICK, N.J.–(BUSINESS WIRE)–Property/casualty insurance companies in the Caribbean experienced
increased reinsurance costs in 2018 following previous-year hurricane
losses, with 60% indicating sharper increases in loss-affected
territories than those territories that were unaffected, according to an A.M.
survey of its rated entities in the region.

The survey results are discussed in a Best’s Market Segment Report,
titled, “A.M. Best Survey Takes Pulse of Rated Caribbean
Property/Casualty Insurers,” in which responses from all but three chief
executive officers of rated property/casualty Caribbean insurers on
subjects ranging from reinsurance, the market environment and cyber risk

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