Rate retraction and volume shrinkage pose serious questions
The prospects for the global facultative market as we approach the second quarter of 2012 continue to be gloomy, with the rating environment and premium volume both depressed as cedants continue to press for better terms or search for alternative solutions.
Recent full year results have demonstrated that despite a brief rating spike in the aftermath of the Japanese earthquake and tsunami last year, facultative pricing continues to be keen in 2012,...
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