Life reinsurers are on top right now, according to a new market report from Standard & Poor’s.[@@]
“Steady demand, combined with reduced supply, has not only increased pricing power, but has also greatly improved the terms by which the game is played,” S&P credit analyst Rodney Clark writes in the new report.
Wilton Re, Greenwich, Conn., and 2 Hamilton, Bermuda, reinsurers, ACE Tempest Life Reinsurance Ltd. and Max Re Ltd., are getting into the life reinsurance market.
At least one relatively small, established player has shown an interest in buying market share.