News Reinsurance02 Jul 2019

Reinsurers become more selective at mid-year renewals:Willis Re

Willis Re global CEO James Kent

During the 1 June and 1 July 2019 renewals, improvements to reinsurance prices, terms and conditions were supported by strengthening primary insurance market conditions. Although almost buyers were able to secure the capacity they desired on these dates, differentiation between reinsurers increased, particularly based on the accuracy of their previous catastrophe-loss estimates. Superior pricing and capacity were also available to clients seen as preferred trading partners. These were some of the findings revealed in the latest '1st View renewals report' from Willis Re.

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