Reinsurance Rates Flat-To-Down

Despite Record Catastrophe Losses

Primary carriers find ‘steady-as-she-goes’ renewals, with some exceptions

With the Jan. 1 reinsurance renewal season in the books, ceding company representatives are saying that the negotiation process was a stable, humdrum affair this year with rates staying flat to falling slightly despite a record year in 2004 for property-catastrophe losses.

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