Trends toward lower retention levels among primary insurers, favorable fa·vor·a·ble
1. Advantageous; helpful: favorable winds.
2. Encouraging; propitious: a favorable diagnosis.
3. pricing and mandated term life reserving have increased the demand for life reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. .
Leading Reinsurers Amount in Force Year End 2003, nonaffiliated business ($ billions) Swiss Re Life & Health America  RGA Reins Co  Security Life of Denver Ins Co  Lincoln Natl Life Ins Co  Manulife Reins Ltd  Munich American Reassurance Co  Employers Reassurance Corp  European Reins Co of Zurich  Allianz Life Ins Co N America  Transamerica Occidental Life  Note: Table made from bar graph. Leading Reinsurers Premiums 2003, nonaffiliated U.S. business ($ billions) Federal Kemper Life Assur (1)  Swiss Re Life & Health America  RGA Reins Co  European Reins of Zurich  Lincoln Natl Life Ins Co  Munich American Reassurance Co  Security Life of Denver Ins Co  Manulife Reins Ltd  Metropolitan Life Ins Co  Security Life of Denver Intl Ltd * Note: Table made from bar graph. * Company not followed by A.M. Best (1) Reflects coinsurance agreement with Kemper Investors Life Ins Co as part of BankOne's acquisition of a significant portion of Zurich Life companies. Source: Special Report: Consolidation Drives Capacity Crunch In North American Life Reinsurance Market (Published 08/23/2004)