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Reinsurance Market Stable, But Cats, Subprime Fallout, Could Stall Pricing Cuts

Reinsurance prices should remain stable or even continue to fall next year--that is, unless another major catastrophe or the subprime mortgage crisis drains too much capital from the market, according

By Caroline McDonald | Updated on September 14, 2008

Reinsurance prices should remain stable or even continue to fall next year–that is, unless another major catastrophe or the subprime mortgage crisis drains too much capital from the market, according to leading brokers and rating agencies gathered for the annual Monte Carlo “rendezvous.”

At present, the reinsurance market is in “pretty good shape,” Peter Zaffino, Guy Carpenter’s president and chief executive officer, said at one of the many press conferences held here last week during the annual Reinsurance Rendez-vous de Septembre.

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