The U.S. increases were highest, though this was neither unexpected nor unreasonable. Reinsurance rates were up an average of 12 percent for the year, largely because of loss histories and exposures (e.g., in the Gulf of Mexico). The upward moves were lower in Europe and Asia, 7 percent and 2 percent, respectively. Again, these increases were not sufficient to offset the previous years’ price declines.
September 15th, 2009
Posted at 12:58 AM ET
To download this chart, right-click on the image, and select “Save Picture As”. If you have any trouble, please e-mail us.