Best’s Market Segment Report: Improving Market Conditions Signal Change for MENA Region’s Reinsurers

Best’s Market Segment Report: Improving Market Conditions Signal Change for MENA Region’s Reinsurers

LONDON–(BUSINESS WIRE/AETOSWire)— Following several years of persisting soft market conditions, pricing and terms in the Middle East and North Africa (MENA) are turning in favour of the region’s reinsurers, according to an AM Best report. In a new Best’s Market Segment Report, “MENA Reinsurance: Improving Market Conditions Signal Change for Region’s Reinsurers”, AM Best notes that the current market hardening is a clear tailwind for reinsurance providers in the region, partly as a bi-product of global reinsurance trends and also in response to regional underwriting performance strains. However, challenges persist for the region’s…