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Latam property rates to grow in 2012

Posted on 02 May 2012

Property rates in Latin America are set to rise by as much as 10% in 2012 following the substantial global losses experienced as a result of major catastrophes experienced in 2011, according to a recent report from global insurance broker Lockton.
Catastrophe-exposed countries like Chile, Colombia, Mexico, Ecuador and Venezuela are seeing rate increases of between 7.5% and 10%, states the report, while non cat-exposed regions are said to be seeing renewal terms of flat to 5%………………………………………..Full Article: Source


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