NU Online News Service, April 7, 10:20 a.m. EDT
Pushed up by limited capacity, U.S. property-catastrophe reinsurance rates for April 1 renewals had increases up to 14 percent for national programs on a risk adjusted basis, a reinsurance brokerage reported.
Guy Carpenter said reinsurers' capital has been crimped by investment losses.
Its report said the latest increases extend a trend that began at the beginning of the year. The firm said national programs on a risk-adjusted basis went up in the Northeast from 6 percent to 8 percent. The firm said this compares to a reinsurance rate increase of 11 percent on average for January 1 renewals.
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