Its been a tough few years for the direct and facultative (D&F) market, as heavy cat and industrial losses have combined with soft primary and treaty rates to make the product less compelling for cedants.
The good news for the industry is that rates are finally improving - especially in the loss zones. The less welcome news, however, is that the "turn" could be short-lived.
This was the central theme at the inaugural Fac Forum 2011 - held in London...
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