Guy Carpenter renewals report identifies shift in industry behaviour
The position by reinsurers to undertake a major review of pricing and underwriting heading into renewal season has led to “significant market fragmentation and increased volatility”, according to Guy Carpenter’s 2012 global reinsurance outlook.
The report, titled ‘Catastrophes, Cold Spots and Capita: Navigating for Success', includes an in-depth report into catastrophe losses for last year - the second highest on record behind those of 2005
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