Reinsurance pricing at Jan. 1 2013 was generally stable, with only loss-affected lines and regions experiencing volatility, according to a Guy Carpenter report.
"The stable renewal was driven by a combination of factors including new reinsurance capacity, reduced catastrophe losses and high levels of capital," the report says.
As for regional variations, Guy Carpenter says U.S. property-catastrophe pricing was most affected due to Superstorm Sandy. Other regions, the report says, were flat to down.
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