Willis: Pressure remains for reinsurance rate increases

04/28/2006 | PropertyCasualty360

The cost of reinsurance for marine, energy, U.S. property and retrocession markets could continue to climb, London-based reinsurer Willis Re said in a recent report. "Outside of these key distress areas, however, as with Jan. 1 renewals, market capacity remains adequate with muted price movements and strong balance sheets enabling primary companies to retain more risk," the company said.

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