Reinsurance buyers brace for higher rates but still hope for modest hikes
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Reinsurance buyers brace for higher rates but still hope for modest hikes

Moody's building.jpg

Reinsurance buyers surveyed by Moody’s are bracing for faster rate increases in 2023 and preparing to source more coverage as inflation pushes up insured values.

However, the report showed that cedants are still expecting cat rate increases to remain in a high-single-to-low-double-digit bandwidth.

Given changes in the market, there have been major shifts in cedant expectations.

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