Reinsurers push retentions higher, commission to new lows in July renewal: Willis Re

Posted On: Jul. 4, 2017 4:00 AM CST

A report by U.S.-based Willis Re Inc. found that reinsurers in the Middle East are pushing retentions higher and commissions to new lows to protect against adverse results in the July 1 renewal season, Middle East Insurance Review reported. There is greater focus on underlying rate adequacy of the portfolio, which is being benchmarked against the market by an increased number of reinsurers, the report added.