Reinsurance executives gathered in Monte Carlo this past weekend for the sectorÃ¢â‚¬â„¢s 2009 September Rendezvous and a number of new reports and commentaries on the state of the reinsurance market are in circulation. HereÃ¢â‚¬â„¢s a few of the highlights. Guy Carpenter finds reinsurance rates increasing by an average eight percent through the 2009 reinsurance renewals, following declines of six percent in 2008 and 10 percent in 2007. In its annual survey of the global property catastrophe reinsurance market, Guy Carpenter states that the increase was largely a result of the financial crisis and its negative impact on reinsurersÃ¢â‚¬â„¢ balance sheets. Meanwhile, ratings agency A.M. Best says two years into the global financial crisis, global reinsurersÃ¢â‚¬â„¢ performance can be counted as an achievement, given the state of the financial services industry and the economy. It is maintaining a stable outlook in 2009 for the global reinsurance sector. However, ratings agency Fitch says its outlook on the global reinsurance sector remains negative, noting that global reinsurers may struggle to replenish capital if they suffer large catastrophe losses in the current financial market and economic environment. The agency acknowledged that reinsurers in general have performed better during the financial and economic disruption of the past 12 months than primary insurers. It attributes this to reinsurersÃ¢â‚¬â„¢ generally high quality investment portfolios and low asset leverage. Check out I.I.I. information on reinsurance.