An analysis of the reinsurance market January renewal season results has found European companies remain a strong factor, according to London-based Benfield brokerage.
Benfield analyst Leon Janeke, one of the authors of the Benfield European Reinsurance Quarterly Report, said, “Little more than 18 months ago, many favored the specialist players in Bermuda above the European reinsurance groups.”
But, he said, the January 2006 renewal season underlined the value of long-standing relationships and the stability offered through diversity. “There were reports of competition from some specialists turning to Europe in search of diversification,” he said.
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