Reinsurance rate rises likely to persist: BerenburgPosted On: Jun. 17, 2019 5:45 AM CST
Germany-based Joh. Berenberg Gossler and Co. KG said that reinsurance rates are likely to continue climbing this year, driven by a capacity crunch in the insurance-linked security and retrocession sector and large catastrophe losses, Artemis.bm reports. The investment bank said that ILS players are adopting a wait-and-see approach after suffering significant disaster losses across 2017 and 2018.