Willis Re 1st View, April 1, 2017 : disciplined softening
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<subfield code="a">Reinsurers have now all finalized their 2016 accounts. While there is some divergence in individual companies¿ reported results, in terms of underlying loss ratios, investment returns and reserve releases, 2016 overall has generated an acceptable, though reduced, return for the global reinsurance industry. It is clear that in the face of a soft market offering a limited number of acceptably priced opportunities, many reinsurers remain prepared to let their top line revenue growth stall and are opting to return excess capital to their shareholders.
Against this background and with little other change in market conditions in terms of loss activity and investment markets over the last three months the 1 April 2017 renewal season has largely followed the direction set at the 1 January 2017</subfield>
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