Cedants enjoyed double-digit rate reductions as January 1 treaty negotiations closed, according to Aon, confirming what sources told sister title Insurance Insider in the days leading up to renewals.
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Reinsurance buyers got ‘healthy’ double-digit rate reductions at 1.1: Aon
The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.