Higher prices and lower interest rates are drawing more capital into reinsurance. Insuring the risk of catastrophic hurricanes and earthquakes risk probably isn’t getting cheaper, but at least there might be more coverage coming to relieve the troubled insurance market.
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The insurance market is healing
"Global reinsurers posted a return on equity of 21% on average in the first nine months of 2023, up 18 percentage points from the prior year."
