The inability of the reinsurance sector to materially raise rates after 2017's major catastrophe losses shows that the traditional catastrophe reinsurance business model is "permanently" impaired, which, along with other factors, should drive sustained consolidation, according to KBW analysts.
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Rates, M&A, Bermuda, Insurance, Reinsurance, P&C, Arch Capital, Argo, Third Point Re, Aspen, North America