Reinsurers’ share of nat cat losses shrinks as profits rise

Night long exposure photograph of the Santa Clarita wildfire in CA. The Santa Clarita Valley mountains has drawn firefighters and emergency crews in the hills toward Acton. So far, the fire has burned 38,346 acres.
FrozenShutter

The proportion of total industry natural catastrophe losses taken by reinsurers has fallen in recent years, with primary insurers retaining more risk.

According to S&P Global Ratings, the top 20 global reinsurers have typically picked up around 20% of total industry natural catastrophe losses.

However, since 2020 this share has consistently fallen

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