Some may consider consolidation, which makes repayment easier by combining the existing debt into a single loan.
“The prolonged soft pricing environment — especially within the global property casualty reinsurance sector — multiple successive periods of insured catastrophe losses below historical averages, limited organic growth, and heightened competition in the market have been catalysts for recent M&A deals,” S&P said, adding “An abundance of low-cost capital has further driven transaction volume, with global reinsurance capital reaching a record $605 billion as of March 31, 2017, of which $86 billion is alternative capital, also an all-time high,” the report said.
The report said that the value of announced deals reached $22 billion during the past 18 months, compared to a “whopping” $70 billion in 2015.
This fixed rate can provide stability and a lower monthly payment. If your previous loans had any benefits, like interest rate discounts, rebates, or forgiveness, you may lose those benefits in the loan consolidation process.
Consolidated loans also cannot be unconsolidated because, after consolidation, the individual loans are considered “paid off” and no longer exist.
The client has over 50,000 employees and offers retail and commercial banking services to customers in over 40 countries.