Reinsurance rates are in decline and the market may be in aposition to sustain a loss of up to $25 billion before thesituation changes, according to a reinsurance broker's report.
Earlier this week, Aon Re Global, the reinsurance brokerage armof Chicago-based insurance broker Aon Corp., released its sixthannual Reinsurance Market Update at the Rendez-Vous de Septembre inMonte Carlo going on this week.
The report said that reinsurance price increases peaked in July2006 after the 2005 Atlantic Hurricane season losses. The declinecomes as the cost of equity markets and debt capital increase forprimary insurers.
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