Reinsurance rate hikes unsustainable without large cat losses

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, Artemis.bm 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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