February 17th, 2009

Price Increases despite Loss History in France

Posted at 12:50 AM ET

France, one of the largest buyers of capacity for natural perils covers in Europe, has observed a stronger tension on renewal terms compared to the previous years, despite the total absence of losses. Even though programs have seen a like-for-like increased price close to 10 percent on average, capacity has been difficult to mobilize, and most covers incepting at January 1, 2009 were finalized only at the very end of the year.

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