New Market Report: Reinsurance in Australia, Key Trends and Opportunities to 2016
During 2011 and 2012, the Australian reinsurance segment recorded an increase in reinsurance rates due to the natural disasters that occurred during 2010 and 2011. Australia was affected by eight natural disasters in 2010, which included five floods, a tropical cyclone and two major storms. The worst of these events was the Queensland floods that occurred in December 2010.
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