HVRRF - Rational Sometimes Substantial Rates Seen At April Renewals: Willis Re
The April 1st 2019 treaty reinsurance renewals saw rational responses to the loss impacted years just experienced, with some "substantial" rate increases on loss affected business, while flatter rates were seen across the rest of the market, according to the broker.
Reinsurance broker Willis Re said that high levels of capacity from traditional and alternative (or insurance-linked securities ((ILS))) sources meant that reinsurers were rational in their hunt for rate increases and payback.
Calling the high capitalisation of the reinsurance sector a reason for rationality is a change from prior years, when excess capital would