Insurance Day
Property catastrophe rates down 5% to 15% at 7/1: Guy Carpenter
Reinsurance capacity exceeds cedant demand more than 20% at key renewal, despite first-half catastrophe losses of $70bn
Excess reinsurer capacity at the July 1 renewals led to risk-adjusted rate decreases of between 5% and 15% for loss-free property
catastrophe programmes, according to Guy Carpenter.