Market conditions pose challenges for reinsurers' primary clients, warn brokers' analyses

Falling reinsurance rates could be a mixed blessing for primary insurance companies, according to the 2011 outlooks published by the largest brokers.

Globally, reinsurance rates fell by an average of between 5% and 10% at the 1 January renewals, according to reports from the three biggest reinsurance brokers, Aon Benfield, Guy Carpenter and Willis Re.

So what does this mean for primary insurers? Click on the pdf links, right, to read the brokers' data and analysis in full.