Any fears that the US P&C rate increases seen in the first half of 2012 were slowing down have been scotched by strong results from (re)insurers, as a light cat season and reserve releases have more than offset sluggish investment returns.
Premium increases on business written last year have also been a significant factor in the reporting season so far and have started to kick into earnings as the major primary insurers reported continuing momentum on rates.
This comes after...
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