S&P Says Reinsurers Should Lower Exposures
NU Online News Service, June 1, 3:52 p.m. EDT?Reinsurers seeking to avoid the mistakes they made the last time prices fell should take steps to reduce their level of exposures, a ratings agency recommended. [@@]
Stephen Searby, an analyst at Standard & Poor's Ratings Services, said as reinsurance premium rates continue to fall across a number of lines, "if everybody goes on writing the same amounts of business in the face of falling prices, obviously mathematically it means your exposures are rising."
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