Reinsurance Pricing Declines on January 1 Renewals
Nearly all classes and regions declined, attributable to abundant capital, strong balance sheets and low CAT losses, Guy Carpenter said.
INN Breaking News, December 30, 2013
The Guy Carpenter Global Property Catastrophe Reinsurance Rate-on-Line Index fell 11 percent at the Jan. 1, 2014 renewal, according to a preview of the company’s 2014 global renewal report. Nearly all classes and regions declined. Accessible capital continues to increase, Guy Carpenter said, and strong balance sheets and comparatively low catastrophe losses contributed to the decline. The full report is scheduled to be released January 6.
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