NU Online News Service, Jan. 4, 9:13 a.m. EST
Reinsurance rates across most lines of property-catastrophe business declined for Jan. 1, 2010 renewals, according to a study released today by reinsurance brokerage Guy Carpenter & Company, LLC.
The firm, in a report titled "Rates Retreat as Capital Rebounds: Global Reinsurance Renewals at Jan. 1, 2010," said its World Catastrophe Rate on Line (ROL) index declined by 6 percent.
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