Global insurance rates to be hardest in years: Wells Fargo

Posted On: May. 25, 2020 6:24 AM CST

Analysts at U.S.-based Wells Fargo Securities LLC expect the global property/casualty insurance and reinsurance market conditions to be the hardest seen in many years due to COVID-19 related claims, Artemis reported. Reinsurance rates are expected to continue hardening which could spur new reinsurers to start operations.