Aon agrees: Lower reinsurance rates at July 1

Aon’s July 1 report card echoes the Guy Carpenter and Willis work I linked to yesterday, though it added this:

One note, of particular importance to the Bermuda High Excess Casualty market, is that reinsurers will be keenly watching the Deepwater Horizon event in order to determine how losses may occur to those parties that have potential exposure from their various contracts and dealing with British Petroleum.

(Via Insurance Journal.)

I try to link to everything I see regarding rates because I’ve always found it difficult to quantify for management, consultants and auditors where rates moving are in the broader marketplace. And they always seem to ask. If you need to do some research any time, you can click on the Rates tag cloud or the Rates category cloud at left, and you’ll get everything I’ve posted.

Update: …….. And that’s why I’m adding, without comment, part two of GuyCarp’s July 1 analysis.

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