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P/C reinsurance rates rise 15%

01 July 2009

US property/catastrophe reinsurance rates were up 15% at the July 1 renewals compared to the same period last year, a report from Guy Carpenter has revealed.

Read more: property/casualty reinsurance rate increases July 1 renewals Guy Carpenter US

US property/catastrophe reinsurance rates were up 15% at the July 1 renewals compared to the same period last year, a report from Guy Carpenter has revealed.

Capacity in the market, according to the report, is sufficient although not abundant. The 15% rise represents a slight rise from April when increases were up 14% and continues a trend...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
67%
$4bn-$5bn
0%
$5bn-$6bn
33%
$6bn-$7bn
0%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield