Reinsurance market holds steady during renewals
The reinsurance market generally maintained underwriting discipline during the 2003/4 renewal season, despite ample capacity and signs of resurgent competition, according to a report from Benfield.
The 63-page report, which suggests a cyclical downtun is some way off, also notes that while property catastrophe prices weakened, the process was orderly, with no sign of the unbridled competitionOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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