Reinsurance rates unlikely to increase: Standard and Poor

Taoufik Gharib, analyst at U.S.-based S&P Global Ratings Inc., said that reinsurance rate growth is likely to fade in 2019 amid increased capacity provided by insurance-linked securities players, Artemis.bm reports. Mr. Gharib said that reinsurance rates have increased about 5% this year. Traditional reinsurers are adjusting their strategies to tap into rate increases in primary lines using quota share arrangements, he added.

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