Broker views converge on July renewal rate pressures
Reinsurance broker Guy Carpenter has estimated that average US
property catastrophe reinsurance rates increased around 6.5 percent
at the 1 July renewals while overall rate increases were
"subdued".
In a renewal report released today the broker cited floods of
dedicated reinsurance capital, between $6bn and $8bn of alternative
reinsurance capacity and low catastrophe losses as factors
moderating pricing pressure at the 1 July renewals.
It added that continued reserve releases and falling yields on
high-grade fixed income securities will continue...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
