CAT Reinsurance Pricing to Decline

The lack of hurricanes in the Atlantic will result in a low double-digit decline in pricing for 2014 renewals, Fitch said.

INN Breaking News, December 3, 2013

Chris McMahon

The Atlantic hurricane season ended without a major hurricane and with the fewest named hurricanes since 1982. That will lead to a low double-digit decline in related catastrophe reinsurance pricing in the 2014 renewals, according to Fitch Ratings.

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