The “furious” start of the June and July renewal season bodeswell for the reinsurance industry, said one leading analyst.
Morgan Stanley senior property-casualty analyst William Wiltsaid that reinsurers want an early start so they can strategicallydeploy their capital and utilize aggregate limitsopportunities.
“We sense that aggregates will be filling up sooner rather thanlater as the rating agencies are requiring more capital to supportpremiums,” Mr. Wilt wrote.
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