NU Online News Service, April 12, 2:52 p.m. EDT

Global-reinsurer capital declined 3 percent in 2011 over the previous year as first-quarter catastrophes and reduction in capacity from government programs took a big chunk out of the total, says reinsurance broker Aon Benfield.

However, the Aon Benfield Aggregate report for full year results 2011 says its review of the 28 leading reinsurance companies reveals an increase of close to 2 percent for the group on a year-over-year basis in shareholders' funds despite the impact of first-quarter catastrophes.

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