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The great fac depression

12 July 2010

Despite a catastrophe-filled first half and predictions of an active storm season in the North Atlantic this summer, the softening that has characterised both property and casualty fac classes in the grand old US market shows little sign of ending.

The combination of a profitable 2009, a mismatch between rates in the retail and reinsurance market and continued risk retention has conspired to keep prices and demand low, with little respite in sight.

"Broadly speaking I cannot think of a...

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This article was published as part of issue July 2010/1

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