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A.M. Best Co. Inc. has said in a recent report that European mutual insurers are taking advantage of the soft reinsurance market and influx of alternative reinsurance capital, Artemis.bm reports.
The profitability of these insurers has been hit by low interest rates and Solvency II requirements, said the rating agency. But, the abundance of excess capital as has enabled some mutual insurers to optimize their efficiency and enhance market relevance, added A.M. Best.
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