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No End in Sight for Falling Reinsurance Rates

Property and casualty reinsurance prices declined on policies renewed for April 1 amid an oversupply of capital and muted demand from clients, according to Willis Re.

By Oliver Suess, Bloomberg | Updated on April 01, 2014

(Bloomberg) — Property and casualty reinsurance prices declined on policies renewed for April 1 amid an oversupply of capital and muted demand from clients, according to Willis Re.

“It’s a pretty difficult situation for reinsurers,” James Vickers, chairman of broker Willis Re’s international reinsurance unit, said in an interview. “The trend seen at the Jan. 1 renewals is continuing with no sign of any let-up.”

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