'Significant' loss will harden rates outside cat exposed regions in July renewals
Price increases in the July reinsurance renewal period could be restricted to loss-affected sectors unless there is a further significant insured loss for the industry, Fitch Ratings has said.
It believes an insured loss of more than $50bn would reduce capital levels throughout Fitch's monitored universe of reinsurers to such an extent that they would attempt to increase premium rates
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