April 20th, 2010
Chart: Update on April 1 Reinsurance Renewals, US Property Catastrophe: Market Quoting Behavior, Increased Variation in Quotes
Posted at 9:00 AM ET
Guy Carpenter & Company, LLC has performed further analyses based on the availability of more quoting detail:
- We have found increased variation from January 1 renewals in reinsurer quotations across all regions, but the range remained consistent at down by 11 percent to up by 11 percent.
- Broader quote variation is expected as reinsurers position their portfolios more actively in the wake of January 1 renewal results.