Importantly, it’s not only customers with loss making lines they are speeding with upward draft. We observed a number of our major reinsurance clients, perhaps more particularly in Europe, successfully using the argument that losses they sustained in one part of the globe need to be compensated for by improved prices around the globe.In third place, if you look at the supply capital. And that I mean is the degree of over or under capitalization to give line and this is not evenly distributed. There is a mismatch between where the supply of capital is and where the demand for capital is. Therefore, we are seeing the same macro phenomenon at a global level, having differential impact in different regions and in different lines.
Aspen Insurance Holdings' CEO Discusses Q1 2012 Results - Earnings Call Transcript
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