SEATTLE–The chief executive of a major reinsurer said yesterday he believes that insurers will deal with the current soft market without making the same mistakes they did in the late 1990′s.

James H. Veghte, chief executive officer, reinsurance general operations at XLRE, made his comments in an interview here where he and other reinsurers are gathered to do business with insurers attending the Property Casualty Insurers Association of America’s annual conference.

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