(Re)insurers retaining more 1-in-100-year risk: AM Best

(Re)insurers were retaining more risk at the 1-in-100-year level
by the end of 2015 compared to 2012, according to research by AM
Best.
The rating agency studied probable maximum loss (PML) data from
25 of the largest AM Best-rated companies writing
catastrophe-exposed business in London, Europe and Bermuda.
The research found that carriers had adjusted their risk
retentions in response to pricing fluctuations at the 1-in-100-year
level, keeping more risk in 2013 when the rating environment was