S&P claims 2005 market will test reinsurers
Standard & Poor's (S&P) has claimed that the resolve of the reinsurance community will be further tested in 2005, as management seeks to balance the demands of clients, brokers, and shareholders to maintain current underwriting volumes with the potential need to reduce exposures in response to falling premium rates across a number of lines.
In a new report, entitled "Industry Report Card: Global Reinsurance", the rating agency said that some reinsurers have already publicly indicated that they will reduce their level of exposure to thoseOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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