July 1st, 2009

Chart: 7/1 U.S. National Market Quoting Behavior

Posted at 12:58 AM ET

market-behavior-71-prop-cat

For programs in the Northeast, FOTs for both higher and lower layers were up between 5 percent and 10 percent year-over-year. FOTs were equal to the minimum quote, 92 percent of average and only 79 percent of the highest quote, as some reinsurers attempted to price business more aggressively than cedents would support.

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