Everest Re: Third year of trapped capital fuelling “double-digit” retro rate increases

Dominic Addesso and Juan C. Andrade – Everest

Everest Re management has hailed a “long overdue” change in the (re)insurance markets while noting that retro pricing has been given further momentum following a third-year of  cat events causing ILS capital to be trapped and now unavailable for the 1.1 renewals.

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