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Tuesday, 23 September 2008

Munich Re Wants to Increase Rates

I need the assistance of our readers to help me in understanding this.

Munich Re "sees opportunities to push through double-digit price increases following the rescue of American International Group (AIG) by the US government".

I do not know whether this applies to a specific class of reinsurance, and if so, which one.

For most other reinsurance classes such as Mortality, Critical Illnesses, Disability, Fire, Marine, Personal Accident, I do not see the justification of increase in reinsurance rates following the rescue of AIG by the US government.

Perhaps our readers who work in reinsurance company can help to explain?

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posted by Teh Loo Hai @ 10:45 AM   0 Comments Links to this post

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