Reinsurance companies continue to face pressures from many sides.
Capacity from both traditional and alternative sources is bringing record amounts of funds into the marketplace; rates are decreasing because of a lack of costly catastrophes; and primary insurers, themselves flush with capital, are altering the way they think about and even purchase reinsurance, retaining more risk and looking to reinsurers for expertise and unique products rather than just capacity.
Reinsurers are adjusting to this changing landscape with portfolio diversification and through consolidation, as buyers seek to gain size, scale and a greater range of products and services to offer clients.
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