NU Online News Service, July 6, 3:09 p.m. EDT
Reinsurance renewals for the worst-impacted catastrophe property risks experienced sharp increases for June and July, but ample capacity remains in the market, according to an Aon Benfield report.
In its “Reinsurance Market Outlook, June and July 2011 Update,” Aon Benfield says June and July brought “meaningful rate changes” to regions affected by significant catastrophe events.
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