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Editorial - Six easy steps to ruin.
(From Reinsurance)
Byline: Mark Geoghegan, editor.
Dear Friend,
Now that the renewal season presentations are almost all in, let me run these six quotes past you - note that these are not my words, but those of the captains of your industry:
"There has been no giant tidal wave of rate increases around the world."
"The speed of new money to the market was unprecedented, so we were very realistic in what would happen rate-wise. And what we expected happened."
"The start-ups made a minimum impact."
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