NU Online News Service, June 23, 1:31 p.m. EST
Bermuda insurers and reinsurers see price increases for property catastrophe risks, but recent events are not translating into broader industry increases, according to report released by Keefe, Bruyette & Woods.
In an analysts' note, KBW says discussions with 12 insurers, reinsurers and brokers indicated that rates for property and catastrophe on mid-year reinsurance renewals are up 8-12 percent, and the outlook is for continued increases into January renewals for those risks.
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