Europe’s Big 4 reinsurers can trace massive 9M ROE gain to T&C reset

The 2023 property reinsurance reset did its job, putting Europe’s big four reinsurers above the fray of mid-sized cat events and driving the group to a jaw-dropping 18 percentage point gain in return on equity, the  Fitch ratings agency said in a summary of 9M results for the European Big Four.