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Traditional reinsurance capital reduces to $357B; pressure on RoEs continues

2015 saw a 3.5% reduction in traditional capital dedicated to reinsurance, down $13B from $370B at year-end 2014. However, capital oversupply remains a fundamental industry challenge and market pressures continue to manifest themselves in diminishing Return on Equity.

Price softening continues but uptick in demand at April 1 renewals

Reinsurance rates have fallen for the fourth consecutive year at the April 1, 2016 renewals, according to the latest Willis Re 1st View Report. However, amidst a gloomy picture of sustained pricing pressure, encouraging signs for reinsurers are starting to show.

Risk appetite is driving dramatic shift in reinsurance purchasing

The adoption of formal risk appetite statements within the insurance industry is driving a fundamental shift in reinsurance purchasing as insurers adapt to increasing regulation and wider scrutiny from investors, according to the findings of a new global survey by Willis Re.