April renewals, 20% decrease in reinsurance rates

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Renewals of contracts with Japanese insurance companies have seen reinsurance rates drop by 20%.

According to James Vickers, Chairman of the Board of Directors of Willis Re, this downward trend is expected to increase during the renewals in the United States. And if 2014 knows no significant catastrophe reinsurers will do well despite the reduction in their rates.

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Fri, 04/04/2014 - 09:36
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