Daily Digest: Property cat rates 'to fall 15% at 1/1', Marine risk special report, US commercial rates moderate

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Property catastrophe prices to fall 15% at 1/1: Moody’s Property catastrophe reinsurance pricing will fall approximately 15% overall at the forthcoming January 1 renewals, Moody’s has predicted. Despite high loss levels and strong demand, Moody’s said reinsurance capital remains ample, especially through alternative channels. As a result, the rating agency said it expects reinsurance supply and demand “to favour reinsurance buyers”, although conditions will vary in different parts of the market.