US cat reinsurers have given up a big real terms rate reduction: Brindle
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US cat reinsurers have given up a big real terms rate reduction: Brindle

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Fidelis CEO Richard Brindle has decried a “capitulation” in pricing in the catastrophe reinsurance market at 1 January, and argued that the impact of claims inflation and climate change trends far outstrip modest gains in rate.

The executive said that he was “pretty angry” about how the market behaved in the final days of December, and that the current levels of pricing called into question the viability of cat products.

“The

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