March 11th, 2010
Jan 1 Renewals in Scandinavia
Posted at 10:00 AM ET
The Scandinavian market was characterized by increased capacity provided by several reinsurers. Soft market conditions prevailed and rate changes were generally flat to declining. Loss-free cat excess of loss lines were flat to declining 5 percent. Property Risk business without losses was flat to down 5 percent. However, Property Risk business with losses, experienced rate changes that were flat to increasing 5 percent.
