Price of motor and flood reinsurance falls for UK insurers
Ample reinsurance capacity meant UK insurers buying reinsurance cover during the busy 1 January renewal period enjoyed price reductions in some cases, according to a Gallagher Re report.
The reinsurance broker said that Lord Chancellor Shabana Mahmood’s early December announcement of an increased personal injury discount rate of 0.5% – which is set to come into effect next week –
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