Turkiye: Final loss estimate for Kahramanmaras quake stands at US$6.2bn at Feb 2023 exchange rates

According to credit ratings agency AM Best, a decade-long trend of insurers moderately increasing their private credit holdings continued to be seen throughout 2023, comprising 44% of the bonds held within the insurance sector, compared with approximately 27% in 2013.A new report from AM Best reveals that insurers’ private credit holdings grew 5.7% in 2023 to nearly $1.7 trillion.However, the annu