Willis Re says global softening trend continues at 1st April renewals
Reinsurance broker Willis Re has said that the April 1 reinsurance renewals have seen pricing stay flat or fall and that barring a major catastrophe it expects the trend to accelerate with the July 1 renewals across all lines of business
The broker cited competition, capacity, and strong balance sheets as the key factors driving property reinsurance prices and increasing competition in other lines.
Willis said it had seen prices
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