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High cat losses to drive rates at January reinsurance renewals

Posted On: Nov. 4, 2021 10:17 AM CST

Reinsurance

 

Bermudian insurer Hiscox Ltd.’s reinsurance and insurance-linked securities division Hiscox Re & ILS Ltd. is expecting further increases in reinsurance rates at the upcoming January renewals, Artemis reported. High catastrophe losses in the third quarter of the year are expected to drive the rates up at the renewals.