How Far Is Up For Reinsurer Renewals?
Record hurricane losses, potential TRIA expiration limit capacity, may force rate hikes
Primary insurers looking for secondary coverage this Jan. 1–especially those writing property risks–will in all likelihood have to earmark more dollars, yen, euros or pounds for the privilege, thanks to the costliest catastrophic event ever, Hurricane Katrina. However, just how much more carriers will have to ante up for reinsurance remains the proverbial $64 billion question when all is said and done.
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