Insurance Post

Willis Re sees heavy competition in 1st July renewals

Reinsurance broker Willis has issued a 1st July reinsurance renewal report citing price reductions of up to 15%-20% for loss-free programmes and increased competition across all lines.

Analysing the July 1 reinsurance renewal season, which is traditionally dominated by US, Caribbean and Latin American property accounts, Willis Re found that the industry’s excellent 2006 financial

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