July renewals: Inflation and losses build up cat rate momentum
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July renewals: Inflation and losses build up cat rate momentum

Fiona Robertson, 
Rachel Dalton
28 June 2022
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Photo: Alamy Stock

Historic losses in Australia combined with growing fears around inflation are building up pressure for property cat rate increases at the 1 July renewal, sources told this publication.

At the same time, the pricing momentum in the US built up in earlier renewals this year has continued, with even loss-free contracts renewing with meaningful increases.

While

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Topics

News Property treaty Rates Specialty treaty
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