Global reinsurance rates continue to fall, but those in North America stabilizing

Reinsurance rates continued to fall at the Jan. 1 renewals, although in many cases the pace of those declines slowed compared with previous renewals.

But while rate reductions for U.S. property catastrophe excess-of-loss programs have slowed, reinsurance rates in other areas have continued to fall more sharply, sources say.

Global reinsurance rates continue to fall, but those in North America stabilizing

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