NU Online News Service, Jan. 3, 12:04 p.m. EST
Only catastrophe-exposed and loss-affected reinsurance contracts experienced any significant upward movement in rates, according to one top executive.
During a conference call, Aspen Re chief executive Brian Boornazian says the "insurance and reinsurance markets are starting to accept the need for change," as the markets start to recognize that the risks taken need more rate for adequate returns.
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