Reinsurance brokers target new avenues for growth
Although Spitzer did not cripple them in the same way as their insurance broking brethren, reinsurance intermediaries housed in the big three have also faced the challenge of dwindling top line growth opportunities and margin squeeze in the soft market.
In simple terms the reinsurance sector's burgeoning capital base means that despite its underwriters taking the brunt of losses from catastrophes in 2010 to date there has been no halting to the general softening of rates.
The trend is illustrated...
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