Shake Up Continues In U.S. Reinsurance Market:S&P

Following an array of large underwriting losses in recent yearsand yet another disappointing year in 2002, the industry hascontinued to see a number of reinsurance players exit or reducetheir participation in the U.S. market.

In just the last 18 months, Gerling Global, AXA Solutions andSCOR-subsidiary Commercial Risk (all on Standard & Poors top 35list in 2002) were placed into run-off.

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