UK, Europe See Flat Rates

Green, Meg; Pilla, David
March 2010
Best's Review;Mar2010, Vol. 110 Issue 11, p48
Trade Publication
The article examines the condition of the catastrophic reinsurance market worldwide. It states that the reinsurance renewal rates in the U.S. have declined by five percent to 15% in January 2009, while in Great Britain and Europe were flat to down. It notes that the claim costs have increased such as the Windstorm Klaus that cost insurers about three billion dollars.


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