Cover Story: Reinsurance - Reinsurers Warn of Hardening Rates
Source: Asia Insurance Review | Nov 2008
When Asia Insurance Review conducted interviews with regional reinsurers in early September for this cover story, no one could have predicted the rapid turn of events that would send world markets tumbling and traders the world over scrambling to take cover amid the continuing steep global downturn. Regional reinsurers were then lamenting the softening rates with no reprieve in sight in the wake of the absence of major catastrophes. Some even predicted that the soft cycles would last “several quarters into 2010” and urged the primary market to adopt greater underwriting discipline.
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