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Aon Benfield Global Fac Index May 2011

16 May 2011

Fighting the good fight

Speaking in New York this month, Bryon Ehrhart, chairman of Aon Benfield Analytics and Aon Benfield Securities, said that the 1 May treaty renewals were "in line" with expectations for June and July renewals. He added that two of the largest US property cat programmes in the industry renewing at 1 June and 1 July had already been completed at flat pricing.

The reason? Continuing excess capital in the reinsurance industry, which remains despite the erosion...

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