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Michael Reynolds, global chief executive officer of JLT Re

30 October 2018Insurance

Costly cat year will impact pricing in Asia-Pacific

2018 is set to be the most costly catastrophe year for Asia-Pacific since 2011, leading to potential rate hardening at renewals, but the impact is likely to be restricted to countries hit directly by losses, Michael Reynolds, global chief executive officer of JLT Re, told SIRC Today.

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