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Stabilization of reinsurance rates likely at upcoming renewals: Hannover Re

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Hannover Re has said that it expects reinsurance rates to stabilize during the January 2015 renewal season, Artemis.bm reports.

As of now, there are no signs of change in current market conditions in the property/casualty reinsurance business, said the reinsurer. It is keen to continue reporting profitability in its portfolio in the most affected reinsurance business lines. During the July renewals, it said competition continued to be strong, though it did slightly increase its property/casualty premiums.

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