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Article: Baden-Baden 2001: Loss and Luxury. (Insurance Executive).
- Article from:
- Risk & Insurance
- Article date:
- January 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Axon Group. 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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In the second of a two-part report on the recent reinsurer meetings in Baden-Baden, our EU correspondent finds that attendees view high reinsurer ratings as something of a luxury in the post-September 11 climate-- while a tight retrocessional market looms as an ongoing problem.
When the insurance and reinsurance industry assembled for its annual Rendez-Vous in Monte Carlo in the fateful second week of last September, there was already consensus that the 2000 rate hikes were only a beginning. The unanswered question was how much more the market would harden for the 2001 renewal season. But the sudden, shattering events of September 11 left that question largely ...