European reinsurance underwriters showed discipline in January despite ample capacity, AM Best....
European reinsurance underwriters showed discipline in January despite ample capacity, AM Best said this week.
Overall premium rates have decreased "moderately", with some expected increases in US property lines exposed to the hurricanes in 2004, the ratings agency revealed.
January renewals suggest this could lead to further price reductions, particularly among relatively new players, it said.
AM Best said widespread exposure to the hurricanes in the US and the typhoons in Japan in 2004 suggest reinsurers can expect excellent results under "normal conditions."
