Rates Decrease as Much as 25%

Excess capacity leads to softening rates in P&C and most other lines of business, according to the Willis Re January 1 renewal report.

INN Breaking News, January 2, 2014

Chris McMahon

Nearly all lines of business experienced price declines on January 1 renewal, according to “1st View Renewals Report,” from Willis Re, the reinsurance division of reinsurance broker Willis Group Holdings plc. Willis’ findings were largely in line with those reported by Guy Carpenter.

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