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International

True hard reinsurance market arrives: Fitch

January 24, 2023 Reprints

U.S.-based Fitch Ratings Inc. expects Bermuda reinsurers to improve underwriting performance this year as the January renewal season brought about a true hard market, The Royal Gazette reported.

Fitch added that the 2022 combined ratio will be about 93% to 94% for eight Bermuda-based reinsurers, versus 95.9% in 2021.

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True hard reinsurance market arrives: Fitch

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