High capacity levels push down reinsurance rates, says Aon Benfield
REINSURERS are lowering their rates at the same pace or faster than the primary market after a year in which both insurers and reinsurers enjoyed “fully recovered balance sheets, but quite limited growth in demand for their products”, according to reinsurance broker Aon Benfield in its report 2011 Reinsurance Market Outlook – Partnership Renewed.