2011: Waiting for the tide to turn?
A combination of too much capital, too little business and poor prospective returns may create a bleak outlook for reinsurers heading into a fifth year of pricing declines. Yet this year's 1 January analysis does at least hold crumbs of comfort for the global reinsurance community.
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First let's
get the bad news out of the way. Industry capital is hitting record
levels. Aon Benfield estimates the global reinsurance industry to
be awash with money. Some $470bn of...
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