Reinsurance markets in Bermuda and the United States are not all that different, according to a recent rating agency report.
Despite the different dynamics and prospects of the United States and Bermuda reinsurance markets, they share many of the same challenges and opportunities, an analysis by Standard & Poor's found.
The report said that as the July 1 renewal season approaches, market participants expect to enjoy material increases in premium rates and in terms and conditions for property and related short-tail lines and for retrocessional lines.
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