The recent trend for major cedants to reduce their facultative reinsurance spend by effectively pulling premium from the market is set to continue with global insurer Zurich, sister publication Inside FAC reported earlier today (8 June).
Demand for facultative reinsurance in many areas is now significantly on the rise, according to the exclusive findings from sister publication Inside FAC's 2015 Market Survey.
Large property facultative accounts in the US came under continued downward pressure at the April/May renewals, with rates described as "off a cliff" and "a bloodbath" by London sources.
