The 1 April reinsurance renewals provide some glimmers of a reinsurance pricing floor getting closer despite the lack of major catastrophes losses in recent years. According to Willis Re the pace of rate reductions moderated (as seen at the January US renewals) as some carriers pushed back. Demand also picked up. It’s too soon to get positive on this class but signs of discipline are helpful. Hiscox and Lancashire are now the biggest quoted Lloyd’s reinsurers and so should be the
