As anticipated, the April 1st 2021 reinsurance renewals followed the trends set earlier in the year, with pricing generally firm despite adequate capacity levels, according to the latest 1st View report from broker Willis Re.
The April reinsurance renewals were ‘orderly” according to the reinsurance broker and seemingly buyers were able to secure the protection they needed at pricing and terms that were not considered overly onerous, despite further year-on-year increases.
