$50bn loss needed for reinsurance rates to rise, Flagstone Re chief warns
Reinsurance renewal pricing was down by eight per cent in the US, according to Gary Prestia, Flagstone Re’s chief underwriting officer for North America.
Mr Prestia said: "1/1 renewals for North American property were a bit disappointing as rate decreases were more than we had previously hoped.
"Most of the brokers are saying between five per cent and
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