Willis on reinsurance renewals: “The Tipping Point?”

Willis has released its reinsurance review of the marketplace for the January 1, 2007 renewals entitled “The Tipping Point?” The report reveals that rates for both property and casualty exposures are generally flat or falling modestly. In Europe (with the exception of wind exposed Northern European multi- territory covers where rates are firm), Asia, Australia, Latin America and those areas and classes of business of the United States not prone to natural catastrophes, rates are flat or have fallen by 5% to 10%.