NU Online News Service, June 13, 1:57 p.m. EDT

While the reinsurance sector contended with one of its biggest loss years ever in 2011, capital levels remain strong, 2012 has started off on a better note than last year, and quoting volatility for Florida renewals appears to be moderating compared to 2011's quoting behavior, recent reports say.

A June 5 report by Standard & Poor's states that severe catastrophes have challenged the reinsurance sector for the past 10 years, but reinsurers have maintained strong capitalization. S&P says reinsurers' enterprise risk management capabilities have provided the foundation for the sector's strong footing. “Careful risk selection has also enabled reinsurers to manage the soft cycle well, and contain the record catastrophe losses seen in un-modeled areas in 2011.”

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