Midyear reinsurance rates will remain flat or possibly soften, according to a report from Aon Re.

Bryon Ehrhart, president and chief executive officer of Aon Re Services, said that with the Jan. 1 renewal season a functioning worldwide property catastrophe reinsurance market returned.

“In such a marketplace, cedants would generally find sufficient capacity at terms and conditions that represented accretive underwriting capital for their organizations,” he said.

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