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Soft reinsurance market expected in 2014: Bermudian executives

December 11, 2013 - 6:00am


Senior reinsurance executives in Bermuda have said a soft reinsurance market is likely in 2014 as recent trends lead to further declines in reinsurance rates, Artemis.bm reported.

Argo Re president Matthew Wilken said "all in all there will be pressure on the rates and the terms and conditions are slipping." Meanwhile, the executives also expressed optimism over innovation in the industry and the increased reinsurance demand in emerging and developed regions.

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