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Member, Beacon International Group, Ltd.
Canadian investment banking firm RBC Capital Markets L.L.C. recently heard reports that Lloyd's of London insurers are taking advantage of the soft reinsurance market, Artemis.bm reported.
Lloyd's insurers and reinsurers believe some rates are adequate which indicates there is scope for further softening of price.
"In order to maintain relationships with their primary clients, many of the Lloyd's insurers continue to write similar gross lines for clients using reinsurance protection to cede some of the risk to their reinsurance partners and reduce their net retentions," said RBC.