At present reinsurance market, traditional reinsurance, namely proportional and non-proportional reinsurance, holds a leading status.

在国际再保险市场上，比例和非比例再保险等传统业务形式占据主导地位。

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Which means that 20 percent legal reinsurance share will be cancelled in 2006. It is quite a challenge for China's reinsurance market .

这意味着到2006年，20%的法定分保业务将完全取消。 这对主要依靠法定再保险业务生存的中国再保险公司的冲击是可想而知的。

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Bermuda's reinsurance market is flourishing because it relies on a network of brokers, underwriters and actuaries that would be hard to replicate.

百慕大的再保险市场相当繁荣因为它拥有一个庞大的经纪人、保险商、保险精算师网络，这个网络很难轻易复制。

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The move is aimed at creating a local alternative to the U.S. and European reinsurance market so that refineries won't have to look overseas to hedge their insurance risk.

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However, after major events the market eventually discounts improved catastrophe reinsurance pricing and the stock perform in line with or better than the market.

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Taking American reinsurance as an example, the market counted over a hundred firms a decade ago, 64 six years ago, and only 38 last year.

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