Signs of Over-Capacity, Competition In Some Re Areas
By Lisa S. Howard
Reinsurance Editor
Although there are signs during the recent renewal season that competition has returned to parts of the reinsurance marketplace, industry officials are not concernedyetthat reinsurers are returning to the slippery slope towards a soft market.
“Weve had any number of our reinsurance markets on the phone, post 1/1, saying that theyre short of income, [asking if] we [had] additional business that we could show them,” said Charles Cantlay, deputy chairman of Aon Limiteds U.K. reinsurance group in London. “Reinsurers are extremely concerned about their allocated market share post 1/1.
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