1.4 renewal points to mid-year rate reductions: Aon Benfield

A favourable experience for cedants at the 1 April reinsurance
renewals has set the scene for buyers to continue to obtain better
rates, terms and conditions at the mid-year renewals, Aon Benfield
said.
The broker's brief report on the renewals said demand for
reinsurance remained on a modest upward trend, but described
available capacity as "ample".
During the first quarter of 2017, insured cat losses totalled
roughly $7.6bn, an active but below-average level of payouts.
The total was 48 percen