(Bloomberg)—Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week.
“I expect the market staying flat to ticking down, on the absolute premium,” Amer Ahmed, CEO of Allianz Re, the reinsurance arm of Germany’s Allianz SE, told Bloomberg News on Sept. 3 in Munich. “It will be interesting to see if there will be a slippage in terms and conditions.”
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