In contrast to the general fall in reinsurance rates at the 1/1 renewals, political risk/surety business saw widespread hardening as reinsurers priced in the prospect of losses from the global economic downturn in 2008-09.
In contrast to the general fall in reinsurance rates at the 1/1 renewals, political risk/surety business saw widespread hardening as reinsurers priced in the prospect of losses from the global economic downturn in 2008-09.