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
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...
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