Aon: non-US reinsurance rates hold steady
Following one of the worst hurricane seasons, broker Aon's reinsurance division has said it expects high rate rises on renewals only for areas affected by US wind exposed risks. At a renewals briefing, Aon Re UK said that after a year of unprecedented natural catastrophe losses, the 2005/6 reinsurance renewals season completed later than ever before with some programmes still not finished by their renewal date.
The brokerage said the reinsurance industry had proved to be 'remarkably resilient' following 2005's unprecedented series of losses, with substantial new capital having been raised to meet increasedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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