Considering the record catastrophe losses experienced in 2011, one logical consequence to expect is a hardening reinsurance market, with prices rising and capacity becoming squeezed.
But that's not what's happening.
Consider the numbers: A Guy Carpenter briefing from last month on reinsurance notes that despite 2011's losses, the reinsurance sector ended the year with a dedicated capital position that was slightly up, at around $178 billion.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
