Reinsurance Rates Won’t Rise in January, Allianz Re Says
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Property and casualty reinsurance rates won’t increase in January when the industry renews the majority of its annual contracts with clients, the head of Allianz SE’s reinsurance arm said.
“Rates will probably be flat to a little down in January,” Amer Ahmed, chief executive officer of Allianz Re, said in an interview in Munich. “Compared to last year, 2012 has been a quiet catastrophe year and reinsurers will be eager to keep their volumes on the back of good results.”