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 (S:SRENH), Munich Re (DE:MUVGn) 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.