Jan. 1 renewals were smooth compared with the previous year as the market saw greater profitability and retrocession capacity among other positive trends, said broker Aon plc.
Tag: Jan 1 renewals
Reinsurers Hike Rates by As Much As 200%
Reinsurers hike rates on key business lines by as much as 200% from Jan. 1.
Carriers Face Challenging Reinsurance Market
Insurers are currently in negotiations with reinsurers, who are attempting to raise rates by 10% to 30%.