Reinsurance prices: Expect more declines

From Business Insurance:

Year-end reinsurance renewal rates will likely be flat or slightly lower, according to Aon Benfield, the reinsurance brokerage arm of Aon Corp.

Speaking at a briefing on the reinsurance market, Dominic Christian, London-based co-chief executive of the reinsurance broker, said that exceptions to the soft renewal may include single-digit rate increases on some loss-affected lines, such as energy, property catastrophe business and some financial institutions business.

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