Catherine Thomas, senior director, AM Best
Investors have confidence in the sector but should proceed with caution, says Catherine Thomas, senior director, analytics, at AM Best.
The hope of boosting balance sheets and taking advantage of improvements in pricing has resulted in an upswing of capital-raising activity from established insurance players and startups in London and Bermuda. Across the board, there is a view that this market offers good opportunities for investors, but investor expectations and prospects could vary.
This was one of the main points from an interview with Catherine Thomas senior director, analytics at AM Best on February’s Best’s Special Report “London and Bermuda Attract Capital as Insurance Market Conditions Improve”. The interview took place on Intelligent Insurer’s Re/insurance Lounge, the online platform where interviews and panel discussions are available on demand.
“Capital inflow has exposed the absence of other opportunities for investors and the low interest-rate environment has made investors look for new possibilities,” said Thomas. “The Bermudian and London market insurers have been able to raise equity with relative ease, which suggests that investors have confidence in the near-term prospects of the sector,” she added.
AM Best, Insurance, Reinsurance, Catherine Thomas, UK, Bermuda