Mark Vaughan, deputy head of treaty at Beazley
An accumulation of losses from this year and previous years, combined with the dynamics of supply and demand in the market, will determine rate increases in this renewal to a large extent. But a fear factor will also play an important role as it has done in all previous hard markets.
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Beazley, Renewals, Insurance, Reinsurance, Hard Markets, Mark Vaughan, London Market, UK