A new report from insurance rating source A.M. Best finds thatthe global reinsurance market booked its second loss in 10 years in2016; the other occurred in 2011.

The Best’s Special Report, “Down But Not Out: Reinsurers Look to RepositionAmid Market Disruption,” finds that the current market “appearsto be operating amid malaise” and ended 2016 with an accidentcombined ratio of 101.0.

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Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]