Reinsurers are showing they “don’t want to do anything to rock the boat” in the mid-year renewals, helping to keep hard market rates generally in place, James Vickers, chairman of Gallagher Re International, told Insurance Insider.
He
Reinsurers ‘don’t want to rock boat’ in mid-year renewals: Gallagher Re’s Vickers
The broker said another strong year would drive pressure for “reasonably significant rate reductions” next year.