23 February 2018

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Casualty facultative rating slide ends

6 November 2017

After several years of depressed conditions with extremely competitive - some would say uneconomic - price decreases for casualty facultative reinsurance, there is now a widespread feeling that the extraordinary scale of third quarter cats has stopped the soft market in its tracks.

The immediate impact of hurricanes Harvey, Irma and Maria (HIM), as well as the two powerful Mexican earthquakes, is largely being absorbed by the property cat and related retro markets.

However, the scale of the losses has...

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