Top-layer softening: A reinsurance conundrum
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Top-layer softening: A reinsurance conundrum

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At this 1 January renewal, reinsurers cemented their retreat from low-attaching coverage, levelling up in regions that had escaped broader uplifts in retentions last year.

The departure for 2024 from last year has been a softening at the top of property reinsurance towers, where fierce competition for the ‘safest’ business has led to slowing rate increases (or even discounts in some cases) and reinsurers...

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