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Hard reinsurance pricing effect to trickle down to property rates

Posted On: Apr. 25, 2023 10:15 AM CST

Market conditions

According to analysts at JMP Securities LLC, property-exposed lines of insurance business may see rates re-accelerate over the coming months, as the effects of the harder reinsurance pricing trickle down, Reinsurance News reported. The analysts believe that the sustained rate increases are required to stay ahead of cost trends, while they also acknowledged that the gap is narrowing.