Insight and Intelligence on the London & International Insurance Markets

23 February 2017

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Soft market slog looms after further concessions

David Bull and Adam McNestrie 10 January 2017

Reinsurers are preparing to dig in for two or three years of deteriorating results, as the 1 January renewals look set to mark the last meaningful erosion of rates following years of significant compound reductions.

The renewals were characterised by declining pricing in most lines and geographies, although almost everywhere the pace of reductions was slower than 12 months ago.

Despite the slowing, reinsurers are likely to be more disappointed than buyers as hopes of a flat renewal evaporated early,...


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This article was published as part of issue January 2017/2

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