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Reinsurance rate rise likely to persist

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Analysts at U.S.-based Keefe, Bruyette and Woods, Inc. said that increases in reinsurance rates are likely to persist into 2020 driven by selective underwriting, Artemis.bm reports. The analysts said that a lack of retrocession capacity and inflows from the insurance-linked securities fund sector is also expected to drive rates in January 2020.

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