Superstorm Sandy puts downwards pricing pressure on reinsurers
Natural catastrophe losses for 2012 are estimated to be 50% less than 2011's $120bn, and most reinsurers are not facing any material capital impact and remain within annual catastrophe budgets.
This has resulted in a stabilisation of rates on property classes and no blanket rate increases at 1.1., according to the January 2013 renewals report from Willis Re, the reinsurance arm of global
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