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Analysts at Germany-based Deutsche Bank A.G. said that reinsurance rates are likely to climb to 2% at the July renewals despite strong rate increases at the April and June renewals, Artemis.bm reports. The analysts said that European reinsurance rates are unlikely to increase significantly at the July renewals which include more global accounts.
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3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms