Reinsurance Market Outlook - January 2012
Aon Benfield’s 2012 Reinsurance Market Outlook – Value Creating Capital reveals the value proposition of reinsurance as an accretive form of underwriting capital has rarely been as tangible as exhibited in 2011. The world’s reinsurance markets responded quickly to the needs of insurers in a seemingly unending series of catastrophes that drove reinsurance recoveries for events occurring in 2010 and 2011 to levels that are similar to the losses the reinsurance market sustained from U.S. hurricanes of 2004 and 2005. Global reinsurance capital remains strong and competition still exists in the reinsurance market for program participations. The capacity clients required at January 1, 2012 was achieved at accretive prices, terms and conditions.