Reinsurers forced to adapt models as rate pressure continues at January renewal
Tough times continued for reinsurers at the 1 January renewals as rate reductions, low investment returns and the continued influx of alternative capital offered little respite for struggling firms, according to the latest report from Willis Re.
Downward pressure on reinsurance rates continued across nearly all lines and geographies along with improved terms and conditions, with abundant oversupply of capital continuing to outstrip demand
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