Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Property catastrophe rates down at 1 Jan

5 January 2010

After the quietest North Atlantic storm season since 1997, pricing in property catastrophe lines has been flat at best, with decreases dominating the key 1 January reinsurance renewals, according to data from the world's three largest reinsurance brokers.

Guy Carpenter - the reinsurance arm of broking giant Marsh - said its world catastrophe rate on line (RoL) index retreated by 6 percent at 1 January. This reverses the increase reported in 2009, which proved a temporary interruption to the downward...

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