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Reinsurance negotiations indicate hardening of rates

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Reinsurance

Negotiations between U.A.E. insurers and global reinsurers indicate hardening of rates at the January reinsurance renewals, Middle East Insurance Review reported citing Emirates Today. The COVID-19 pandemic has had a significant negative impact on global reinsurers, who are seeking to compensate for their losses by raising prices, especially in sectors most directly affected by the pandemic.

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