According to reports from Keefe, Bruyette & Woods (KBW), industry executives are optimistic about the prospects for the run-off reinsurance market, which they say should benefit from rising pricing trends.
KBW recently hosted a series of meetings with Florida and Bermuda re/insurance executives about their outlook on various sectors of the market.
One of the key takeaways was a positive view on the $1 trillion run-off market, which execs believe will see a boost as rate increases prompt many incumbent carriers to offset the low returns and inevitable distraction inherent in legacy reserves.
