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Aon: Reinsurance Softer, Retro-Prices Lower, Insurance Monitor
Summary by Herbert Frommes Versicherungsmonitor
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The broker Aon sees the global reinsurance market before a phase of falling prices. According to reinsurance manager Jan-Oliver Thofern, this is not only evidenced by the recent negotiations between initial and reinsurers, but also by the developments in the retro market, where reinsurers transfer risks to other providers or the capital market. Moreover, the retro market is significantly more resilient than just a few years ago, explained Aon ex…
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