NU Online News Service, July 1, 12:15 p.m. EDT
Although reinsurance executives report that U.S. midyear renewal prices rose by low double-digits at most for catastrophe business, momentum is building for a new—and lasting—elevation of U.S. prices next year, they say.
Speaking at the Standard & Poor's Insurance Conference last month, Costas Miranthis, president and CEO of Bermuda-based PartnerRe Ltd., also said international cat-pricing in loss-affected areas was markedly higher during the most recent round of renewals.
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