Brokers pushing for multi-year reinsurance deals
The soft market enveloping the global reinsurance industry is
placing increased pressure on underwriters to loosen terms and
conditions of cover.
Although rate declines are predicted to ease somewhat at 1 January
renewals, there is a growing sentiment - most recently expressed at
the PCI annual convention in Colorado Springs last week - that
reinsurance brokers are pushing to broaden coverage for their
clients.
That broadening includes further evidence of attempts to convert
annual renewals into multi-year reinsurance contracts.
For...
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