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Reinsurance cat capacity shortfall for renewals could be $60 billion



The property catastrophe capacity shortfall for January 2023 reinsurance renewals was about $60 billion, Artemis reports. In Europe, property reinsurance renewals are clearing and many are set to be completed in time for Jan. 1, but with some of the steepest price increases seen in well over a decade on top of the tighter terms and conditions of coverage being seen globally.

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