Modest hardening in UK property reinsurance as European motor ticks up
The annual 1 January reinsurance renewal season delivered firmer pricing for UK property risks, according to Willis Re as its figures also indicated another year of strong rises in motor.
The broker’s 1st View report revealed that rates for UK property loss free risks were up by 2.5% to 5% while loss hit accounts rose 5% to 15%.
This was ahead of last year’s figures when loss free
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