US property-cat reinsurance rates rise at April renewals
Rates for national US property-catastrophe reinsurance programmes rose by between 10 and 14 percent on a risk-adjusted basis at 1 April renewals, continuing the hardening trend seen in January's renewals for catastrophe-exposed lines, according to broker Guy Carpenter.
According to the rates report from Guy Carpenter Capital Ideas, pricing trends at 1/4 renewals were also "influenced substantially by the reduced availability of capacity", with some reinsurers finding that they have already exhausted allocated capacity for transactions other than renewals, leading...
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