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Article: Standing appointments: the path of reinsurance renewals still leads through Monte Carlo and Baden-Baden, but consolidation and technology are changing the scenery.(Reinsurance/Capital Markets)
- Article from:
- Best's Review
- Article date:
- March 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 A.M. Best Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Key Points
* The 2005 reinsurance renewal season found rates flatter than might have been expected, given the high level of catastrophes and other losses seen during 2004.
* Reinsurance buyers are making increasing use of technology to plan strategy and centralize their purchasing.
* The October Baden-Baden conference is growing, with an increasing representation by both brokers and Lloyd's underwriters.
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The annual reinsurance renewal season can be a fraught time, involving the competing goals and fine judgments of insurers, brokers and reinsurers. In Europe, the process has two public milestones: the Rendez-Vous ...