Rates expected to harden further at January renewals
Posted On: Oct. 21, 2020 10:43 AM CST
Germany-based Munich Reinsurance Co. expects reinsurance rates to harden further at the upcoming January renewals, Artemis reports. Low interest rates are hurting reinsurance profits, while the COVID-19 pandemic is serving as a wake-up call for the industry regarding systemic risks, the reinsurer said.