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Reinsurers tap emerging markets.

Publication: Business Insurance
Publication Date: 01-AUG-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Reinsurers tap emerging markets.(Cover Focus: Reinsurance Strategies)

Article Excerpt
Byline: Meg Fletcher

Reinsurers that are seeking growth are casting their nets wider than in the past.

Demands for more competitive pricing and the fallout from the capital and stock markets is hurting reinsurers' profitability in many industrialized countries, sources say.

So large global companies are looking at less developed locations as a source of underwriting profits and future long-term growth-including China; Southeast Asia; India; and Dubai, United Arab Emirates.

"Reinsurers are just not having a good year," said Howard Mills, director and chief advisor-insurance industry group of Deloitte & Touche USA L.L.P. in New York. "There is an...

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