Carriers See More Stable Reinsurance Marketplace
With the Jan. 1 reinsurance renewal season now in the bag, ceding company representatives said that after two years of turmoil, the process was more stable this year with percentage changes in rates now mostly in the single digits.
Christian Milton, responsible for purchasing reinsurance for the New York-based insurance giant American International Group, observed that there seemed to be a reasonable amount of capacity available, with terms and conditions that AIG felt were appropriate.
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