Reinsurers 'more circumspect' about pricing: JLT Re CEO

Reinsurers resisted attempts by cedants to secure further rate
reductions during the 1 January renewals season, JLT Re CEO Mike
Reynolds said today in a lecture at Lloyd's Old Library.
The global reinsurance market was still "awash with
capacity", Reynolds noted, although he added that pricing had
started to level out.
"Reinsurers are finally starting to get more circumspect
about pricing," Reynolds said.
Reynolds was speaking after JLT Re earlier on Tuesday released
its January renewals report.