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Aggressive reinsurance renewal pricing to continue: Lancashire CEO

July 25, 2014 - 6:11am


Lancashire Holdings Ltd.'s group chief executive officer Alex Maloney has said that aggressive reinsurance renewal pricing will continue this year, Artemis.bm reported.

Mr. Maloney said the "additional capital in our industry, not just new capital but also the undistributed retained earnings of many of our peers, is driving competition on pricing, terms and conditions." Maloney also said discipline is a concern in such highly competitive environments and Lancashire "is always prepared to let underpriced business go."

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