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Rate cuts in US hurricane and US EQ: Aon Benfield
31 December 2009
An Aon Benfield report released today highlights that insurer and reinsurer capital increased greatly from the lows experienced in March 2009, and that the January 1 catastrophe reinsurance renewals were focused on rate decreases in the market’s peak zones of US hurricane and US earthquake.
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aon benfield
reinsurance renewals
An Aon Benfield report released today, called Remarkable Recovery, highlights that insurer and reinsurer capital increased greatly from the lows experienced in March 2009, and that the January 1 catastrophe reinsurance renewals were focused on rate decreases in the market’s peak zones of US hurricane and US earthquake.
Rate on line (ROL) decreases were in line with Aon Benfield’s “light” catastrophe season scenario published in September 2009, which stated that rate decreases for these perils, adjusted for...
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