Shake Up Continues In U.S. Reinsurance Market: S&P
Following an array of large underwriting losses in recent years and yet another disappointing year in 2002, the industry has continued to see a number of reinsurance players exit or reduce their participation in the U.S. market.
In just the last 18 months, Gerling Global, AXA Solutions and SCOR-subsidiary Commercial Risk (all on Standard & Poors top 35 list in 2002) were placed into run-off.
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