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Rates for direct and facultative (D&F) reinsurance were typically up by anything from 10-20 percent in aggregate in certain markets at 1 January, according to industry sources.

While loss-affected cat-exposed US and international D&F programmes often saw rate increases at the upper end of the range, even those that have not experienced losses saw rate increases, say commentators.

"On the cat side we saw on average maybe a 5-10 percent increase, on non-cat business a 0-5 percent increase and on...

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