Slowing reinsurance price decline a “glimmer of hope”
Thursday, 07 16 2015, Category: Insurance and Reinsurance, Country: World
The pricing reported from mid-year reinsurance renewals at June and July 1st, showing that rate declines appear to be slowing or even stabilising in some areas, is a positive “glimmer of hope” for property catastrophe reinsurers, according to Morgan Stanley.
This amid signs that property and casualty insurance pricing continues to decelerate, according to investment bank analysts from Morgan Stanley. This is adding pressure on primary players now, in a similar way to the reinsurance market pressures seen over recent years.