Reinsurance market outlook, July 2021

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<title>Reinsurance market outlook, July 2021</title>
</titleInfo>
<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20090035263">
<namePart>Aon Benfield</namePart>
<nameIdentifier>MAPA20090035263</nameIdentifier>
</name>
<typeOfResource>text</typeOfResource>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">usa</placeTerm>
</place>
<issuance>monographic</issuance>
<place>
<placeTerm type="text">Illinois, Chicago</placeTerm>
</place>
<publisher>AON Benfield</publisher>
<dateIssued>2021</dateIssued>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
<extent>23 p.</extent>
</physicalDescription>
<abstract displayLabel="Summary">Reinsurers reported solid earnings in Q1 2021, with Aon's Reinsurance Aggregate ending the period with an estimated combined ratio at 96.6 percent, benefiting from previous rate increases. Global reinsurance capital remained flat compared to Q4 2020 at USD650 billion. Alternative capital filled the USD2 billion dollar decline in traditional capital to end the quarter at USD96 billion and USD554 billion, respectively.  June and July renewals saw momentum slow compared to January renewals, especially for non loss-impacted placements. Capital inflow to the segment led to a more level position between buyers and sellers for the renewal reason. Contract terms continue to be a strong focus given the market's evolving response related to communicable disease exposures since the start of the pandemic.  In general, casualty is proving its value as a good diversifier for reinsurers, especially given positive primary rate movement in recent years. Casualty placements achieved more aggressive insurer language as a result of relatively ample capacity.</abstract>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080602529">
<topic>Mercado de reaseguros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080558215">
<topic>Estadística</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080561895">
<topic>Contabilidad</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080611880">
<topic>Perspectivas del seguro</topic>
</subject>
<classification authority="">5</classification>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">210823</recordCreationDate>
<recordChangeDate encoding="iso8601">20210901140420.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20210024689</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>