July 1st, 2009

Chart: Latin America Cat XOL Renewal Rates

Posted at 12:57 AM ET


Mexico, the region’s largest market, sustained price increases (based on our analysis to date) of 2.5 percent to 10 percent, on average, for earthquake and windstorm catastrophe excess of loss (XOL) programs, with some prices at the high end influenced by the capacity available. Central American earthquake and windstorm pricing was in roughly the same range - flat to 12 percent. Reinsurance renewal terms in the Caribbean (and some multi-territory programs) did stretch higher. Price increases for risk XOL programs were more modest. Early indicators put programs in Mexico and Central America up 2.5 percent to 5 percent, on average.

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