Reinsurance rate decline slows at April renewals

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The 1 April reinsurance renewals saw rate reductions range from flat to mid-single digit reductions, an improvement compared to the low double digit range seen 12 months ago, according to Willis Re.

According to the 1st View renewals report, 2016 generated an “acceptable” though reduced return for the Global reinsurance renewals and consequently the 1 April 2017 renewal season have largely

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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