French insurer Covea has renewed its property catastrophe programme at rates that are flat on a risk-adjusted basis, The Insurance Insider understands.
According to underwriting sources some layers priced up slightly and others fell modestly, but in the aggregate pricing tracked exposure changes.
Covea, which renewed today (1 October), is one of the most significant bellwether catastrophe renewals in the run-up to 1 January.
Sources said Covea purchases a number of pillars of cover for different operating companies with two...
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