While capital market investors may be pouring money into reinsurance now, the question is whether they will stick around for the long term, with brokers here split over whether their looming presence represents a trend or a flash in the pan.

Capital market interests "are just here while the rates are high," Paul Karon, chief executive officer of the Minneapolis-based Benfield Inc., a subsidiary of Benfield Group, said in an interview here.

Mr. Karon and other brokers were on hand to discuss reinsurance transactions with members of the Property Casualty Insurers Association of America, which gathered for its annual conference.

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