Ratings agency Moody's said that despite the much-hyped firming of rates championed by the European reinsurance market in late 2008, renewal season pricing has "generally not lived up to these expectations, despite some evidence of rate hardening".
Ratings agency Moody's said that despite the much-hyped firming of rates championed by the European reinsurance market in late 2008, renewal season pricing has "generally not lived up to these expectations, despite some evidence of rate hardening".