Brokers See Mixed Bag On Re Renewals
It was far from the chaos of the Jan. 1, 2002, reinsurance renewal period immediately following the terrorist attacks of Sept. 11, but there were still some struggles in renewing Jan. 1, 2004, contractsand those difficulties were most evident on casualty business, according to reinsurance broker representatives.
"It is not one market," said Paul Kneuer, vice president and chief actuary for Holborn Corp., a New York-based intermediary.
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