Bermudians, Hannover Re signal slowing rate declines

Renewals commentary from Validus, Axis and RenaissanceRe, and
detailed information from Hannover Re, provided further evidence
that a four-year decline in reinsurance rates is slowing.
However, executives highlighted international property and
property catastrophe lines as trouble spots.
The three Bermudian carriers and the German group delivered
bulletins that broadly reflected JLT Re's assertion last month
that reinsurance rating pressure abated at the renewals, with JLT
Re's global property c