Most US cat treaty gaps closed despite ‘shrinkflation’ effect of 1.1
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Most US cat treaty gaps closed despite ‘shrinkflation’ effect of 1.1

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US cat treaty renewals made major strides in the final working days of the year, leading to a calmer environment than many had feared earlier in December – but pricing momentum remained strong as reinsurers dug in to realise notable gains on price, terms and attachments.

Specialty reinsurance renewals remained the furthest behind amongst the major 1.1 renewals underway, but it was becoming clear that significant unbundling of risks was taking place, even if composite covers remain.

Some

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