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.