Strong annuity growth continues as reinsurers shift business offshore to Bermuda: AM Best
Reinsurance News - Sep 27, 2024
US life/annuity (L/A) insurers have doubled their ceded reserves to $1.74 trillion between 2016 and 2023 driven by strong annuity growth on higher interest rates with an increasingly larger portion headed offshore, an AM Best report has disclosed. Recently, several private equity-owned insurers have...
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