The margin of reinsurer returns over the industry's cost of capital is steadily eroding and only benign catastrophe losses and abundant reserve releases have enabled the reinsurance sector in the aggregate to earn its cost of capital in 2015...
The margin of reinsurer returns over the industry's cost of capital is steadily eroding and only benign catastrophe losses and abundant reserve releases have enabled the reinsurance sector in the aggregate to earn its cost of capital in 2015...