September 4, 2018 / 8:24 AM / 3 months ago

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

LONDON, Sept 4 (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, Munich Re and the Lloyd's of London 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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