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Catlin Re Says Europe Reinsurance to Grow, Handelsblatt Reports

Catlin Group Ltd. sees growth potential in the European reinsurance market, Handelsblatt reported, citing manager Peter Schmidt.

Schmidt said many customers now prefer to spread their risk between three or four reinsurers, and as insurers’ capital needs rise with Solvency II, the proposed risk-based regulation for insurers in Europe.

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