Reinsurance market outlook : record reinsurance performance and capital

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      <subfield code="a">Reinsurance works. It worked well for insurers that faced and ceded record losses in 2011 and then renewed the capacity they sought at terms and conditions that remain accretive. After assuming record losses in 2011, reinsurers rebuilt capital quickly and at the end of the first half of 2012 reinsurance capital stands at a record USD480 billion. An increase of 2 percent over first quarter capital levels has brought the half year increase to 5 percent. Reinsurance supply remains higher than demand in all global regions. The reinsurance industry is in the position to provide desired reinsurance capacity to insurers in all global regions. Our expectation is that supply will continue to exceed the demand of insurers for upcoming January renewals in most global region</subfield>
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