Loss-hit US property cat sees rate rises of 10-50%: Holborn
US property cat reinsurance programmes renewing at 1.1 are seeing rates up anywhere between 5 and 50 percent depending on loss activity and whether they have coastal exposure, according to broker Holborn.
The independent US reinsurance intermediary said programmes with coastal exposure and recent loss activity had experienced rates rising by 10 to 50 percent, compared to 5 to 12.5 percent up on coastal exposed accounts without significant loss activity.
Programmes also renewed up by 10 to 50 percent for...
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