NU Online News Service, June 21, 3:00 p.m. EDT
The soft market continues to challenge reinsurers, and although 2010 has seen disasters, the events will not be enough to harden pricing, according to a panel of senior reinsurance executives.
At the Casualty Actuarial Society (CAS) Seminar on Reinsurance held recently in New York, CAS said in a statement, George Venuto, executive vice president, Willis Reinsurance, told attendees that trying to place primary casualty insurance is very difficult to do right now."
"On the property side, we are continuing to see rate pressure," he said.
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