Posts Tagged ‘CSR’

September 7th, 2008

World Catastrophe Reinsurance Market 2008

Posted at 1:35 PM ET

Catastrophe reinsurance rates declined for the second year in a row. Price competition intensified as a result of abundant capital, lower than average catastrophe losses, and strong overall profitability. But, reinsurance rates are projected to decrease at a slower pace in 2009 than in 2008, as reinsurers face earnings pressure from a number of sources.

According to the Guy Carpenter World Rate on Line (ROL) Index, rates declined by 10 percent on average in 2008. This compares to a 6 percent drop in property-catastrophe ROL for the same period in 2007.

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