Insider View: 1 January renewals

A brief examination of the 1 January reinsurance renewal could
be misread as an incrementally positive step in the recovery of
underwriters from their soft market ills.
It would confirm that pricing in the main continued to retreat,
but at a more modest rate that points to a market that is clearly
bottoming out.
Taken in isolation, that could be viewed as an improvement:
pricing momentum shifting back towards reinsurers at a time where
there are even some tangible signs...