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Hurricane Mayhem May Give Boost to Dampened Reinsurer Earnings
JOHANNESBURG (Capital Markets in Africa) – While this year’s hurricanes will cost reinsurers billions of dollars in claims, they may eventually bring some relief to the industry’s lackluster earnings. In the German spa town of Baden-Baden, reinsurance executives are this week meeting up with brokers and clients to renegotiate contracts due for renewal in January. Many of them are arguing that the expected damages from hurricanes Harvey, Irma and Maria — as well as earthquakes…
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