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Reinsurance rates still under pressure: Moody's

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Moody's Investors Service Inc. said that the outlook for property/casualty reinsurance pricing over the next 12 to 18 months is bleak, reports Artemis.bm.

The rating agency expects property/casualty insurance pricing to be either flat or down over the next 18 months.

Moody's expects the most pressure on property/casualty insurance being on the commercial lines in North America.

Latin America is expected to see broadly flat rates and pricing, said Moody's.

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