Upward pressures on U.S. property-catastrophe reinsurance rates were steady at the July 1, 2009 renewal, as capacity in the market was sufficient without being abundant. This continues a trend seen in the United States from January through June. Consistent with the year’s prior renewals, U.S. national program rates were up 15 percent year-over-year, with pricing in the Northeast up 8 percent. This represents a slight up-tick from April 1, 2009’s average rate increase of 14 percent, part of which is driven by a smaller sample size (which gives some loss-affected programs greater influence over the results). Northeast program rates are unchanged from
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