Reinsurance rates at the April 1 renewals continued to rise due to 2011 loss events, according to a Guy Carpenter briefing released today.
Guy Carpenter says the April 1 renewals are “continuing the general trends observed at Jan. 1, 2012.”
The briefing notes that April 1 was a “significant renewal date” for the Asia-Pacific region, as it provides the first indication of how heavy catastrophe losses that hit the area have affected rates.
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