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Reinsurance rate hikes unsustainable without large cat losses

Flooding after hurricane

U.S.-based The Goldman Sachs Group Inc. said that recent double-digit reinsurance rate hikes are unlikely to persist through to the June 2020 renewals unless another above-average catastrophe loss occurs this year, reports. Analysts said that catastrophe losses such as typhoon Jebi could sustain reinsurance and retrocession rates in Japan to the April 2020 renewal season.

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