Convergence capital becomes 'new norm' for reinsurers: S&P

U.S.-based S&P Global Ratings Inc. said that the use of third-party reinsurance or alternative capital has become a "new norm" for reinsurers as they seek to remain competitive, Artemis reports. "Convergence capital will continue to play an important role in the competitive dynamics of the global reinsurance market and bolster capacity."

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