New York — The global reinsurance industry, with a capital base still largely intact and liquid, has remained substantially unscathed by the unprecedented turmoil in the global capital markets, although access to new capital in 2009 will become more difficult and expensive in the current economic climate, according to a new report from global insurance broker Willis Re, the reinsurance broking arm of Willis Group Holdings.

Willis Re’s quarterly reinsurance market report, “1st View,” examines rate movements across numerous territories and product classes, and includes detailed analysis from Willis Re’s product line experts. Bearing the title “Capital Rules,” the report finds evidence that with January 1 renewals, reinsurers are taking meaningful price increases in capital-intensive lines of business, such as the U.S. Nationwide Catastrophe business.

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