Reinsurance Market Proving Ripe for Start Ups

The difficult operating environment that has challenged many established reinsurers has failed to dampen the success of the companies that have entered the global reinsurance market since Sept. 11, 2001, Standard & Poor's Ratings Services said today. "Over the past two years, a number of established reinsurers have withdrawn from markets no longer considered 'core', and there is now demonstrable demand for those left to share in risks previously ceded to these players. Notably, with the help of a benign loss year, many new entrants have correctly identified the markets with attractive los...