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Casualty: tailwinds turn to headwinds – discipline is needed in turbulent times
While reinsurance property lines might still be enjoying hard market conditions, the situation for casualty re/insurers is more complex. Increased competition has driven rates down while loss costs, driven by economic inflation, social inflation, higher loss values and economic turbulence, have increased. The tailwinds carriers enjoyed are now turning – into noticeable headwinds. Meanwhile, concerns…
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