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Prolonged Hard Re Market Unlikely

By Lisa S. HowardReinsurance Editor

The renewal market is being described as resembling a cr?me bruleehard on the top but soft underneath, according to observers in the London market and a report issued by Benfield Group Ltd.

“[E]xpectations of a prolonged hard market are already looking unrealistic,” said the report issued by Benfield in London, called “The Big Squeeze: Reinsurance Market Review 2002-2003.”

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