Rate softening intensified at the 1 January aviation treaty renewals, but cedants are still seeing primary rate reductions significantly outpace the drop-off in their outwards spend, further squeezing their diminishing returns.
Rate softening intensified at the 1 January aviation treaty renewals, but cedants are still seeing primary rate reductions significantly outpace the drop-off in their outwards spend, further squeezing their diminishing returns.