European cat renewals mired in delays as reinsurers hold firm
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European cat renewals mired in delays as reinsurers hold firm

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Precious few data points have emerged on the European property cat market ahead of the 1 January renewals, with only a handful of firm order terms (FoTs) having emerged and multiple rounds of negotiations looming.

Reinsurance underwriters told this publication that by this point, with a little over four weeks until 1 January, they would expect to have up to 50% of their European portfolios completed – but this year, only a fraction of...

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