Global (re)insurers’ performance for 9M 2022 – report

Global (re)insurers' performance for 9M 2022 - report

Despite increased loss activity in the third quarter, global (re)insurers’ combined ratios remained strong in the first nine months of 2022, according to a new report from Gallagher Re.

While loss activity increased in the third quarter, underwriting performance remained strong through the first nine months of the year with an average combined ratio of 96.9%, the report found. This was supported by double-digit premium growth, lower natural catastrophe loss activity and a reduced expense ratio.

Year-on-year premium growth averaged 13% at 9M 2022, driven by improved pricing for commercial lines and reinsurance business, Gallagher

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