Aon Re: industry changing event needed to keep rates level
An industry-changing event of $15bn to $25bn of ceded losses will be needed to keep reinsurance rates at current levels, and a heavy ceded loss of between $40bn and $50bn to push the price of reinsurance up, according to Bryon Ehrhart, president and chief executive officer of Aon Re Services.
Speaking at a press conference at the Rendez-Vous in Monte Carlo given by a six-strong executive team from the world's number one broker, executive chairman Mike O'Halleran also dismissed claims of a
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