Fighting the good fight
Speaking in New York this month, Bryon Ehrhart, chairman of Aon Benfield Analytics and Aon Benfield Securities, said that the 1 May treaty renewals were "in line" with expectations for June and July renewals. He added that two of the largest US property cat programmes in the industry renewing at 1 June and 1 July had already been completed at flat pricing.
The reason? Continuing excess capital in the reinsurance industry, which remains despite the erosion...
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