Reinsurance brokers are reinforcing warnings that top reinsurers are seeing their pricing power...

|By:, SA News Editor

Reinsurance brokers are reinforcing warnings that top reinsurers are seeing their pricing power fade, with renewals coming in at 5-10% lower prices. A year of lower payouts for big disasters - where reinsurers help insurers shoulder the burden - has led to an oversupply of underwriting for top reinsurers Munich Re, Hannover Re (HVRRY.PK -1.5%) and Swiss Re (SWCEY.PK -2.4%).