Pushed up by limited capacity, U.S. property-catastrophe reinsurance rates for April 1 renewals had increases up to 14 percent for national programs, a reinsurance brokerage reported.
Guy Carpenter said reinsurers' capital has been crimped by investment losses.
Rates for national programs jumped between 10 percent and 14 percent on a risk-adjusted basis, the firm said in a report last week. The report said the latest increases extend a trend that began at the beginning of the year, noting that rates increased 11 percent on average for Jan. 1 renewals.
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