Reinsurance rate decline slows further in April
Tuesday, 04 04 2017, Category: Insurance and Reinsurance, Country: World
During the April 1 reinsurance renewals, rate reductions ranged from flat to mid-single digit reductions compared to a low double digit range seen 12 months ago, broker Willis Re said in its report titled Willis Re 1st View April 1, 2017.
Risk-adjusted rate reductions on short tail classes continued to moderate while international buyers achieved slightly larger reductions as compared to US and Lloyd’s buyers.
Overall limits purchased have not reduced, and some have increased, as more buyers seek additional protection. Retentions have remained largely stable, the report said.
Source: Intelligent Insurer