Reinsurance market firms at 1 Jan but buyers fare better than first feared, says Willis

The reinsurance market firmed at 1 Jan renewals but price increases and other changes were less onerous than buyers initially feared, according to Willis Re. The reinsurance broker’s 1st View treaty renewals report explains that reinsurers largely arrested the persistent soft market trend of recent years at 1 Jan. It says that poor underwriting results driven by elevated levels of…

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