"Hannover Re foresees some reinsurance rates rising"

[Surety Insider]

"Ulrich Wallin, chief executive officer of Hannover Re, said during a presentation Sept. 7 at the Rendez-Vous de Septembre reinsurance meeting in Monte Carlo that reinsurance prices are rising in capital-intensive classes as buyers recognize the value of the coverage during the financial downturn. Those classes include credit, surety and aviation."

Read it here.

[Admin]

Interesting...

However, I don't think you will see a market shift for a bit. I always hear sureties complaining about the costs and paperwork involved with filing new rates. Then again, I don't see how some of them can turn a profit with how low the rates are on some lines of business.