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Lower-Rated ReinsurersMight Rebound In Hard Market

London Editor

London

With carriers anxious to make up for years of low rates as well as huge losses related to the World Trade Center’s destruction, reinsurance is definitely a sellers market right now, with the stronger, triple-A companies at a distinct advantage.

However, with a short-term capacity crisis potentially ahead, some of the lower-rated companies pegged at single-A and triple-B that struggled during the soft market might now find willing buyers for coverage, several sources agreed.

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