Retrocessional reinsurance buyers wary of high rates

U.S.-based investment banker JMP Securities L.L.C. said that retrocessional reinsurance buyers are selectively buying coverage at June renewals after rates jumped as much as 35% recently, Artemis.bm reports. Analysts at JMP Securities said that retro rates have increased due to lack of capacity and may continue to rise till Jan. 2020.

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