Reinsurance rates movement ‘muted’ at renewal: Guy Carp

Woolsey fire in southern California Credit: iStock/Erin Donalson

The impact of last year’s cat losses on property rates was “muted” at 1 January reinsurance renewals, with European business even recording a 2.5% fall in rates, according to Guy Carpenter’s Global Rate on Line Index that measures the change in catastrophe premium paid year on year. The US, most affected by hurricane and wildfire losses during 2018, pushed through…

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