As seen at Insurance Journal, citing a report recently released by Willis:
According to the report, reinsurance rates for both property and casualty exposures around the globe are generally flat or falling modestly. In Europe (with the exception of wind exposed Northern European multi- territory covers where rates are firm), Asia, Australia, Latin America and those areas and classes of business of the U.S. not prone to natural catastrophes, rates are flat or have fallen by 5 percent to 10 percent.
According to Willis, the major exception to the trend of flattening rates is U.S. property business on the East Coast or Gulf Coast wind-exposed business. This business is experiencing rate increases of around 40 percent as reinsurers have sought to bring January renewals of nationwide and/or critical catastrophe accounts in line with the mid-year 2006 pricing levels.