Will Reinsurance Market Stay Hard?

NU Online News Service, Sept. 17, 4:17 p.m.EST?Reinsurance rates for property-catastrophe risksincreased this year in all regions for virtually all insurancecompanies, according to a newly issued report that said it wasunclear if the hard market trend will continue.

The findings were made by New York-based reinsuranceintermediary Guy Carpenter &. Company, Inc., which noted thatthe third-consecutive year of rate hikes had followed six years ofsoft pricing.

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