Rates expected to rise at January renewals: Swiss Re

Posted On: Dec. 31, 2018 5:00 AM CST

Swiss Re Ltd., said that insurers and reinsurers are expecting prices to increase at the January 2019 renewals after several catastrophe bond providers and investors suffered disaster-related losses this year, Finews.ch reported citing Financial Times. Christian Mumenthaler, chief executive of Swiss Re, said that competition from catastrophe bonds and other sources of capital has hampered prices despite large catastrophe losses.