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Consulting firm Towers Watson, with offices in New York and London, says in a report that based on published reports and market estimates, reinsurance rates are expected to increase 20-50 percent for Japan programs. India was expected to see increases in April 1 renewals. Australia and New Zealand should experience increases on their July 1 renewal program.Recommended Stories
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What is reinsurance and how does it work?
Reinsurance allows a primary carrier to pass, or cede, a portion of its liabilities onto another company.
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