After September 11th 2001 tragedy, several insurance and reinsurance companies have gone into run off or even worst into  liquidation. The impact of that tragedy is the retrocession cover capacity was decreasing, causing international retrocession market condition to be hardening and the negotiation of retrocession renewal for 2003 become more difficult than the previous year. Despite the difficult year, ReINDO had successfully negotiated to get retrocession cover at the beginning of year. 

To go in line with the market condition in 2003, there are some changes in the Reindo capacity structure compare to previous year. The detail is as follows: