the global market for reinsurance consolidation capacity and efficiency by j david cummins mary a weiss this draft april 2 2002 authors thank william o neill louise juliei of standard & poor s durbin swiss re making data available study are also grateful to allen n berger helpful comments harry loman professor insurance deaver chair risk management health care wharton school department 3641 locust walk philadelphia pa 19104 6218 temple university phone 215 898 5644 ritter hall annex 004 00 fax 0310 19122 email upenn edu 204 1916 610 520 9069 mweiss thunder abstract paper analyzes economic impact wave mergers acquisitions currently underway in industry is driven an increase frequency severity insured losses due natural disasters as well increasing demand non catastrophic theory
