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Catastrophe losses drive cat bond, ILS rates


U.S.-based consultancy firm Lane Financial L.L.C. said that catastrophe bond and insurance-linked securities premium rates across the world increased 7% in the second quarter driven by catastrophe related losses, reports. The consultancy firm said that cat bond and ILS rates started increasing after hurricane-related losses in 2017 and loss creep related to typhoon Jebi in Japan.

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