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Reinsurance Pricing Subdued
Despite 2011’s disasters, the only big increases are seen on policies covering affected nations.
Reinsurance brokers say the most expensive year for natural disasters didn’t drive coverage prices higher across the industry when policies were renewed on Jan. 1.
Reinsurers’ strong capital base meant only insurance policies covering nations the most affected by catastrophes, such as Japan, Thailand and New Zealand, faced significant increases, James Vickers of Willis Group Holdings Plc said.
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