Global reinsurance rates expected to rise by up to 5%: S&PReprints
Standard & Poor's Financial Services L.L.C. said that reinsurance rates across the world will rise by up to 5% in 2018, with the potential for double-digit price increases in loss-affected lines, Artemis.bm reports. S&P said that the reinsurance market conditions are likely to remain weak for 2018 due to continued high levels of competition following the recent hurricane losses. "Reinsurers will continue to benefit from robust capital adequacy and strong enterprise risk management capabilities," S&P added.