Global property-catastrophe reinsurance rates increased by 8 percent on average through the 2009 renewal season, according to the Guy Carpenter World ROL Index. This follows declines of 6 percent in 2008 and 10 percent in 2007. In the United States, the world’s largest reinsurance market (geographically), increases were fairly uniform at the January, April, June, and July renewals, moving in a channel of 10 percent to 15 percent, depending on region, exposures, and loss history.
September 15th, 2009
Posted at 12:59 AM ET
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