Reinsurers wresting back initiative in 2009, says Cooper Gay
Reinsurers have begun 2009 determined to wrest back the initiative from a period of softening rates and savagely declining investment returns, according to (re)insurance broker Cooper Gay.
According to its report into the 2008 year, underwriters are increasingly being governed by the financiers dictating a return on capital and forcing through rate increases in many classes and areas.
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