Soft reinsurance market fueled by low 2014 cat losses
Declining catastrophe losses in 2014 has been cited as a major factor behind the softening rating environment at the January renewal period, according to global reinsurance broking players.
Reinsurers received little respite at the 1 January renewals as rate reductions, low investment returns and the continued influx of alternative capital continued to hamper struggling firms.
A report
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