The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by brokers Guy Carpenter and Willis Re.
Indeed, the market demonstrated more divergence in both pricing and terms and conditions than at any point in many years, said a report from Willis Re, which is titled, “Willis Re 1st View – Markets Diverge.”
