Reinsurance pricing floor remains elusive at 1 January renewals
Despite the signs of pricing stabilisation in peak property catastrophe zones at the June/July 2015 renewals, the forecasts for a “softening in the softening” in reinsurance pricing have proved illusory, according to Willis Re.
The brokers's latest 1st View Renewals Report shows rates have continued to decline across the majority of markets, with few examples of any slowdown in pricing deterioration.
John Cavanagh, Global
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