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Reinsurance pricing strength to continue into Jan 2022: Moody’s

Analysts at Moody’s have noted that the 2021 Atlantic hurricane season activity looks set to be “well above long-term historical averages,” which could result in continued pressure on reinsurance rates.

According to forecasters, the combination of warmer than average sea surface temperatures in the tropical Atlantic Ocean and Caribbean Sea, weaker trade winds and an enhanced West African monsoon have resulted in more favourable conditions for hurricane formation and intensification this year.

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