Reinsurers stick to rate rise mantra
Despite ominous signs that supply is outstripping demand, the world's biggest reinsurers have been resolute at Monte Carlo this year in insisting that prices will continue to rise at 1 January - a view that has few supporters when other carriers are speaking privately.
Swiss Re insisted that "moderately increasing" prices were expected in the run-up to the reinsurance industry's biggest renewal date.
"Upwards pressure on prices for (re)insurance is likely to rise, as...
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