SEATTLE–Capital market investors may be directing money into reinsurance now, but they will not be staying around long if rates change, according to one brokerage firm executive, whose view is not universal.
The capital market interests "are just here while the rates are high," said Paul Karon, chief executive officer of the Minneapolis-based Benfield Inc., a subsidiary of Benfield Group, in an interview yesterday.
Mr. Karon and other brokers were on hand here to discuss reinsurance transactions with members of the Property Casualty Insurers Association of America, which gathered for its annual conference.
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