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Reinsurance rates are in decline and the market may be in a position to sustain a loss of up to $25 billion before the situation changes, according to a reinsurance broker’s report.

Earlier this week, Aon Re Global, the reinsurance brokerage arm of Chicago-based insurance broker Aon Corp., released its sixth annual Reinsurance Market Update at the Rendez-Vous de Septembre in Monte Carlo going on this week.

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