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pronounced difficulties in obtaining a foothold in international markets. Dominance of traditional western European reinsurance centers, which prevailed throughout the early development phases of American reinsurance, continued long into the postwar period. Particularly surprising results were found for the bilateral trade with Great Britain. In the 1960s, international trade business with London-based markets failed to counteract American catastrophe losses, a task maintained by reinsurers to be one of the most vital functions of their international activities. Trade between the U.S. and reinsurers on the continent, which increased significantly in the second half of the period, shows some abnormal patterns. These patterns may be attributed to intra-company trade, as the continental reinsurers also engaged in a great deal of establishment business, using their own subsidiaries in the U. S.
The methods introduced in the article for analyzing international insurance trade data are preliminary. Although most findings are in accordance with reports in American business journals of the period, many questions remain for further discussion.
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