In the same week that two authoritative reports from Aon
Benfield and Willis forecast continued capital markets expansion
into reinsurance, there were predictions that property cat rates
would fall 5-10 percent in 2013 because.... you may have guessed
it... of the increasing competition from hedge funds, cat bonds and
other alternative investment vehicles.
Traditional property cat underwriters - who have just experienced an underwhelming mid-year renewal season with sluggish upwards momentum at best - will not be thrilled by the...
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