The reinsurance sector is entering a promising phase, marked by a recent Howden report indicating an 8% average decline in global property-catastrophe reinsurance rates. With January 1, 2025, renewals reflecting competitive pricing and reductions of up to 15% in the U.S. and Europe, Howden’s CEO, Tim Ronda, highlights the potential for innovation and collaboration to drive sustainable growth in the market. Source and details of the news