Third-party reinsurance main driver of global property cat pricing
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A report by U.S.-based A.M. Best Co. Inc. said that third-party reinsurance capital is the main driver of global property catastrophe reinsurance and retrocession pricing, due to the growing influence of insurance-linked securities market and alternative sources of reinsurance capital, Artemis reports. Traditional and third-party capital are expected to remain aligned and third-party capital will hold the line on return expectations following major catastrophe losses, the report said.
