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Renewals for reinsurance as of Jan. 1, 2017, are showing a moderation in declining prices, according to reinsurance specialist Guy Carpenter. (Photo: iStock)

The decline in reinsurance pricing moderated at the January 1, 2017 renewal across most classes of business and geographies, as compared to the past three renewal seasons, Guy Carpenter & Company, LLC, global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies reported today.

Several sectors faced increased losses, which had only a localized impact on pricing, Guy Carpenter reported, while capacity remained plentiful. According to calculations by Guy Carpenter and A.M. Best, after remaining fairly stable in 2015, dedicated reinsurance capital increased by 5 percent from Jan. 1, 2016 to Jan. 1, 2017. The convergence capital segment increased by 10 percent.

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