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Reinsurance, retro rates expected to increase following recent catastrophes


Insurance industry analysts said that reinsurance rates could rise up to 20% for loss-affected property catastrophe accounts while retrocession market rates are likely to increase more than 20% at renewals in January 2018, Artemis.bm reports. Analysts said that the biggest rate rises are expected to be in retrocession markets, due to trapped collateral from insurance-linked securities players and losses to retro capacity after the aggregation of claims from recent catastrophes.

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