Indiscriminate rate hikes will open door to new entrants


Reinsurers that attempt to increase rates on programmes in Asia on the back of the recent catastrophe losses in North America risk losing market share to new or emerging reinsurance capital that has so far struggled to gain market share in the region, Stuart Beatty, chief executive, Asia-Pacific, JLT Re, told SIRC Today.

JLT Re, Stuart Beatty, Asia Pacific, North America, rates, market, reinsurance, SIRC, catastrophe losses

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