Reinsurance property market hardening to persist into 2024: Fitch
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U.S.-based Fitch Ratings Inc. expects reinsurance property market hardening to continue into the January 2024 renewals and beyond, however, price hikes are likely to be more moderate when compared with this year as rate adequacy has generally been reached, Reinsurance News reported. Fitch added that reinsurance demand remains strong as primary insurers struggle with increased risk, including from climate change, and higher total insured values as a result of the inflationary landscape.
