January 28th, 2009

Chart: Surety Layer Renewal Trend

Posted at 12:58 AM ET
Click chart for a larger version

Click chart for a larger version

Rates moved up for layers with increases in exposure (either actual or anticipated) or where there was loss activity over the past few years. Larger programs requiring substantial limits were impacted negatively due to reductions in market capacity and reinsurers concerns with aggregations of exposure across surety clients.

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