Reinsurers' price trends will outstrip primary insurers' levels when second-quarter results are reported, an investment bank forecast yesterday.
David Small, property-casualty analyst for Bear Stearns, wrote that second-quarter financial results should highlight the growing divergence in pricing trends between the two industry segments.
"We expect reinsurers will discuss successful June 1 and July 1 renewals, where property increases met very robust expectations and new programs were characterized by higher retentions and less limits offered per risk," Mr. Small wrote.
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