Montpelier: Reinsurance rates likely to rise
The reinsurance industry has suffered an “unusually high frequency” of international catastrophes and rates could rise by 10% next year, according to Montpelier boss Tim Aman.
Aman, senior vice president and chief risk officer, said: “Despite a relatively benign hurricane season, we saw the earthquake and tsunami in Japan, earthquakes in New Zealand, flooding in Thailand
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