Reductions moderate but softening continued in renewals
Saturday, 01 07 2017, Category: Insurance and Reinsurance, Country: World
The decline in reinsurance pricing moderated at the January 1, 2017 renewal across most classes of business and geographies, as compared to the past three renewal seasons, according to an annual renewals report by Guy Carpenter.
The report also revealed that, after remaining fairly stable in 2015, dedicated reinsurance capital increased by 5 percent from January 1, 2016 to January 1, 2017 – as calculated by Guy Carpenter and AM Best – while so-called convergence capital increased by 10 percent.
Source: Intelligent Insurer