Moderate rate reductions at January renewals: JLT

Global broker JLT Re's annual renewal retrospective has found
that reinsurance programmes across many lines renewed closer to
expiring levels at 1 January this year.
In a preliminary report on the renewals, the broker calculated
that its property cat rate-on-line index fell by 5.7 percent at 1
January 2017 - slowing from the 8.2 percent decline posted in
January 2016. The broker attributed the moderation of rate
reductions to relatively stable US property catastrophe
renewals.
In a fuller retros