No way out of this price spiral'.
Some 2000 delegates arrived in Monte Carlo this week for the 42nd Monte Carlo Rendez-Vouzs. Janina Clark and Alex Beatty report on how they are facing up to plunging rates and fierce competition.
"There is no end in sight to the soft rates currently afflicting theinternational reinsurance market", warned US rating agency Standard &
Poor's, as this year's Monte Carlo Rendez-Vous got under
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