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Reinsurance sector "strong" despite 3% drop in capital

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Global reinsurer capital was down by 3% to $455bn (£286bn) last year, according to the Aon Benfield Aggregate analytics report, but the sector has been described as remaining strong.

The firm's latest annual study found that capital reported by the ABA group of 28 leading reinsurers reached an all-time high of $251bn at the end of 2011 - an increase of 1.7% or $4.2bn from the end

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