Category: Reinsurance
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Some global property catastrophe reinsurance rates to fall 5% to 15% on Jan 1, broker says
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LONDON (Reuters) – Global property catastrophe reinsurance rates will fall by 5% to 15% on January 1 for the books of companies without losses, as the market becomes more competitive after… Years of high interest rates. . Reinsurance companies insure insurance companies, and they have raised prices and excluded some…
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Property catastrophe reinsurance rates fall in July, report says By Reuters
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LONDON (Reuters) – Global property catastrophe reinsurance rates ranged from unchanged to “mid- to high-single-digit” declines in July after years of rising prices, reinsurance broker Guy Carpenter said on Monday. Insurance companies tend to renew their reinsurance contracts on specific renewal dates, including July 1. Reinsurance rates — insurance for…