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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.
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[Guy Carpenter]
[July 1 renewals]
[rate increases]
[property-catastrophe]
[US]
[Latin America]
US property-catastrophe (P&C) 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...
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