Willis: 2011 reinsurance renewals 5-10% lower than 12 months ago
Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the 1 January 2011 reinsurance renewals averaging between 5% and 10%.
This assessment of the state of the marketplace comes from the latest renewals report by Willis Re.
Titled "Keep Calm and Carry on," the Willis Re report notes that despite the continued softening and
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