With the mid-year reinsurance renewals only just behind us and reports suggesting reinsurance rates were down anywhere from -5% to -20%, already people begin to look to the next major renewal period at January 1 2015. The reinsurance market remains cyclical in nature, at least in terms of the renewal cycles, with major programs and treaties renewed at key market junctures during the year. In the last 18 months almost every reinsurance renewal has seen rates softening, as prices declined due to excess capacity and high levels of competition.
Posted on: Thu, 03 Jul 2014 13:03:42 +0000
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