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Reinsurance rates expected to decline by 3% to 5%: Morgan Stanley

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Data from Morgan Stanley has revealed that pricing at the June 1 reinsurance renewal season is expected to decline by an average of 3% to 5%, reported Artemis.bm.

Morgan Stanley analysts met with Bermudian reinsurers, who said that decline in reinsurance rates would continue and could find a floor after the renewal. The analysts said that the continued deceleration at consecutive renewals is a sign of approaching stabilization. During the January 1 renewals reinsurance rates declined by 5%, slower than 5% to 10% decline in 2015, 15% in 2014 and 20% in 2013.

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