The “furious” start of the June and July renewal season bodes well for the reinsurance industry, said one leading analyst.
Morgan Stanley senior property-casualty analyst William Wilt said that reinsurers want an early start so they can strategically deploy their capital and utilize aggregate limits opportunities.
“We sense that aggregates will be filling up sooner rather than later as the rating agencies are requiring more capital to support premiums,” Mr. Wilt wrote.
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