September 4, 2018 / 8:28 AM / 21 days ago

S&P Global analyst says reinsurance rates to rise by less than 5 percent in 2019

LONDON (Reuters) - Reinsurance rates are likely to rise by less than 5 percent next year, S&P Global Director David Masters told a press briefing on Tuesday.

Reinsurers such as Swiss Re (SRENH.S), Munich Re (MUVGn.DE) and the Lloyd’s of London [SOLYD.UL] market help insurers share the risks of disasters such as hurricanes in return for part of the premium.

Reporting by Carolyn Cohn and Maiya Keidan, editing by Sinead Cruise

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