Nat-cats dominate renewals with modest change on other classes
The volume of catastrophe losses in 2011 from unmodeled or inadequately modelled perils has lead reinsurers to be more forceful in their demand for greater transparency of data and look to sub limit their exposure to manageable levels, according to Willis Re’s renewals report.
The report states that following the second worst catastrophe year for the market on record, with insured losses in excess of $100bn and reinsured losses over $50bn, there is work to be done by the
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