prior-year reserve releases News

Willis Re’s latest Reinsurance Market Report notes that the “growth in global capital dedicated to reinsurance continues to exacerbate the challenge of oversupply, placing further pressure on already weak rating conditions for the remainder of 2015.” The report – based …

The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may struggle to halt the slide when …