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A report by U.S.-based Willis Re Inc. has said that rate reductions are slowing in the reinsurance market amid "the buffers of tighter regulation, better pricing analytics and transparent shareholder expectations," The Royal Gazette reported. "While international buyers achieved slightly larger reductions as compared to U.S. and Lloyd's buyers, the extent of the reductions range from flat to mid-single digit," said John Cavanagh, global chief executive at Willis Re.