Reinsurance pricing floor in sight: JLT Re

A reinsurance pricing floor is "in sight" although the
market is yet to hit rock bottom, according to JLT Re's CEO Ed
Hochberg.
Speaking on a panel at InsiderScope New York last week,
the executive said that as the market reaches an inflection point
"stuff starts to happen", with carriers looking to
recalibrate their view on assuming risk.
He said that a hardening in the market would occur as insurers
started to question the reserve allocation of their reinsurers.
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