The storm clouds that tend to visit America’s Atlantic and Gulf coasts each autumn may have a silver lining for reinsurers based in Bermuda. A new report from New York-based Deloitte, which features analysis from Standards and Poor's reinsurance director Laline Carvalho, says a variety of factors have quelled reinsurers' appetite for risk, which will result in higher prices for reinsurance.
"The reversal of softening pricing conditions on the reinsurance sector has been one of the few positive consequences of the large catastrophe and investment losses incurred in 2008," the report, titled Navigating Through the Storm, states.
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