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The life reinsurance business in entering a new phase. (Review & Forecast: Reinsurance).

Publication: National Underwriter Life & Health-Financial Services Edition
Publication Date: 23-DEC-02 		Format: Online - approximately 767 words
Delivery: Immediate Online Access

Article Excerpt
Until mid-2001, a buoyant life reinsurance industry seemed to have it all--growth, favorable claims results driven by continued mortality improvements, and increasing revenue and profits.

Now, the boom is leveling out, for reasons that range from weaker mortality results to what might be a new market equilibrium for the amount of risk that insurers retain and cede to reinsurers.

The life reinsurance industry in the 90s was characterized by rapid growth. Total face amount or recurring new business increased from $156 billion in 1972 to $985 billion in 2000. The percentage of new life insurance ceded to reinsurers by direct writers more than quadrupled from nearly 14% to almost 62% over the same period....

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