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Soft market persists for US P/C business

07 July 2010

Ahead of mid-year reinsurance treaty renewals, rates for US property/casualty business continued to decline, according to MarketScout.

Read more: treaty renewals P/C MarketScout Richard Kerr property/casualty

Ahead of mid-year reinsurance treaty renewals, rates for US property/casualty business continued to decline, according to MarketScout.MarketScout’s June 2010 composite property and casualty rate index revealed that overall rates were down 3% as compared to the same time one year ago.“Halfway through 2010, it...


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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
44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
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