Global News - Excess capacity dampening rates’ hike
Source: Asia Insurance Review | Jun 2011
Catastrophes that occurred in the Pacific Rim early in 2011 – the Christchurch, New Zealand earthquake and the Tohoku, Japan earthquake and tsunami - had produced billions of dollars of losses to global insurers and reinsurers, but these have failed to squeeze out all the excess capacity in the global market, said A.M. Best in its Special Report on reinsurer capacity.
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