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Transparency Key In Tighter Re Market

London Editor

Whats ahead for the January 2002 reinsurance renewals? It might be a little too early to get a totally accurate picture given that many underwriters are still in the process of re-writing their business plans in a post-World Trade Center market, but several brokers agree that underwriters will tighten terms and conditions, will expect greater transparency in the coverage they provide, and most assuredly rates will rise precipitously.

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