Will Reinsurance Market Stay Hard?
NU Online News Service, Sept. 17, 4:17 p.m. EST?Reinsurance rates for property-catastrophe risks increased this year in all regions for virtually all insurance companies, according to a newly issued report that said it was unclear if the hard market trend will continue.
The findings were made by New York-based reinsurance intermediary Guy Carpenter &. Company, Inc., which noted that the third-consecutive year of rate hikes had followed six years of soft pricing.
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