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Downward pressure on reinsurance rates to continue

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Reinsurance market rates on line will continue to be driven by an influx of capital from third-party investors at the July 1 renewals, according to a report by Guy Carpenter & Company.

The trend is expected to continue in spite of the catastrophe losses reaching approximately $20bn during the first six months of 2013.

According to Guy Carpenter, robust catastrophe bond, sidecar and

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