Willis Re: Reinsurance market ‘approaching equilibrium’
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Willis Re: Reinsurance market ‘approaching equilibrium’

Rachel Dalton
01 July 2021
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Reinsurers achieved rate increases at the summer renewals but many had to accept terms below their initial quotes, indicating that the market is “approaching equilibrium” after a period of hardening, according to Willis Re.

In its annual July First View report, the intermediary said that the moderation in rate increases seen at 1 June and 1 July, as reported by this publication yesterday, were a result of good Q1 reinsurer results, low cat...

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