Global Reinsurance : more stable and improved results following shift from property catastrophe risks

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      <subfield code="a">Four years ago, AM Best changed its outlook on the global reinsurance segment to Stable from Negative. After major natural catastrophe losses in 2017 and 2018, pricing conditions starteclto improve for the first time in a while. Unlike previous market cycles, dominated by afew, but cleat trends such as a wave of new entrants to the market attractecl by steep rate incteases, following capital erosion, the last fout years have been characterized by a number of positive and negative drivers, with limited influence on the their own, but which,  on balance, continue to counter each other -- World's 50 largest reinsurers</subfield>
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