January 1 got done in property cat, albeit at a price: Gallagher Re

January 1 renewals proved "very late, complex and in many cases frustrating" chiefly as reinsurers and cedants slugged it out over terms and pricing in property cat, with some rates more than doubling, retentions rising, but all-peril coverage largely surviving the process, Gallagher Re said in its early view to 1.1.