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Rate hardening will hit more than loss-impacted lines or regions: Munich Re


Christoph Jurecka, chief financial officer at Germany-based Munich Reinsurance Co., expects further rate hardening beyond loss-impacted lines or regions at the upcoming Jan. 1 reinsurance renewals, Reinsurance News reported. Claims history and an expected reduction in the availability of alternative reinsurance capital are likely to drive wider rate hardening, according to Mr. Jurecka.

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