AM Best assigns stable outlook, predicts steady growth for New Zealand’s non-life segment

Despite two record nat cats in 2023, excess-of-loss reinsurance, strong capital adequacy, and inflation should provide stability and growth for NZ non-life market, though constrained reinsurance capacity and hardening of rates could dampen earnings in years to come.

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Am best assigns stable outlook predicts steady growth for new zealands non life segment
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