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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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