Cedents Find Competitive Market Conditions at Midyear Reinsurance Renewals: Brokers
Record levels of reinsurance capital and strong reinsurer profits are driving increasing reinsurer risk appetites and softening prices during the midyear renewals, according to reinsurance brokers in their respective market reports. “In the traditional property market, abundant reinsurer capacity continues to drive a progressively competitive pricing environment,” said Guy Carpenter, the reinsurance brokerage business of … Continued
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