Property cat rate reductions slow again at 1.4: Willis Re

Property reinsurance rate declines continued to moderate in the
1 April renewals, with most deals somewhere in the range flat to
down mid-single digits, according to Willis Re.
With reinsurer returns still "acceptable" and little
other change in loss activity and investment markets, the 1 April
renewals have largely followed the direction set at the 1 January
2017, the broker said in its 1st View report.
International buyers achieved slightly larger reductions
compared to US and Lloyd's buyers.