Average US property cat rate rise highest in 17 years at mid-year renewals: GC

05 July 2023

Global property catastrophe reinsurance risk-adjusted rate increases ranged from 10% to 50% at the mid-year renewals, with loss-impacted clients often seeing higher pricing, according to Guy Carpenter.

US cedants saw the highest average property cat risk-adjusted rate increases in 17 years, with loss-free accounts generally up 20%-50%.

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