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Reinsurers benefit as Latin America faces fewer large-scale cat events


A report by U.S.-based A.M. Best Co. Inc. said that reinsurers in Latin America have benefited from relatively fewer large-scale severe catastrophe events in the region over the last three years, Reinsurance News reported. While the COVID-19 pandemic and high claims costs fueled reinsurance market hardening in the region, those conditions are now diminishing amid reduced focus on catastrophe risks.


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