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Largest European insurers buying more reinsurance: A.M. Best

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A report by U.K.-based ratings agency A.M. Best International Ltd. found that the 20 largest European insurers are taking advantage of the soft market by buying more reinsurance and retaining less risk, Vanguard reported. The pace at which retention ratios are falling has been more subdued, and the declines in retention ratios is expected to be less significant in 2016 and 2017 than those experienced in 2015, the report said.

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