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Reinsurers unimpressed with rates, expect price rise

Posted On: Nov. 12, 2019 5:58 AM CST

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Major reinsurers are unimpressed with the way rates have responded to recent catastrophe loss years and expect positive pricing momentum in 2020, Artemis reports. Brian Young, chief executive of U.S.-based insurer Odyssey Group Holdings Ltd., said that commission levels have remained high and there is too much capacity in the market.

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