Buyer-friendly conditions accelerate at mid-year reinsurance renewals: Aon
Broker reports ‘low double-digit’ rate reductions for loss-free US, Australia and New Zealand property catastrophe placements and ‘moderate reductions’ in Latin America and the Caribbean despite active first half for catastrophe losses
June/July renewals characterised by ‘broadly competitive environment’ as reinsurers, ILS markets and new entrants look to deploy capacity and grow market share, global broker says