NU Online News Service, July 1, 2:58 p.m. EDT
While hopes were high for the 2009 reinsurance market after the troubles of 2008, many rate expectations were not met, although capacity has remained steady, reinsurance brokerages reported.
In a study released today by Willis Re, Chief Executive Officer Peter C. Hearn commented that previous speculation was that global reinsurers would see "an acceleration in rate increases over the next 12-to-18 months as reinsurers sought to deliver solid underwriting margins to offset investment losses."
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