Reinsurers face year of cost-cutting due to weaker renewals
Reinsurers face a demanding year of cost-cutting after the December contract renewal season delivered weaker prices for the fifth year in a row.
According to the 1st View Renewals Report from Willis Re, property reinsurance prices globally are now 30% lower than they were in 2011.
The report found that with prices in Asia were worst hit
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