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Reinsurance market cycle approaching bottom: Munich Re

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Munich Reinsurance Co. said that the bottom of the current reinsurance market cycle is likely to arrive soon and only one more quarter similar to the first quarter, with many smaller loss events, is required for pricing to hit the bottom, Artemis.bm reports. "Pressure on prices, terms and conditions remained intense in the renewals as at April 1, although there was a slight easing," said the reinsurer.

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