Reinsurance is pivotal to keeping insurers going in the wake of such as major insurable disasters as hurricanes and wildfires. This is where insurance professionals will find the information they need about the state of the insurance industry, managing risks, and how to navigate the most impactful events of our time.
The property and casualty market has firmed, Wells Fargo Insurance is telling its clients, but a separate Willis Re analysis of June 1 and July 1 reinsurance renewals shows a highly segmented approach to pricing, where rate increases are tied to loss activity on accounts rather than a hardening market.
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