NU Online News Service, July 1, 3:15 p.m. EDT

Property-catastrophe reinsurance rates in the United States have significantly decreased despite catastrophe losses from the Chile earthquake and storms in Australia during the first half of 2010, according to three reports on July 1 reinsurance renewals.

Global reinsurance brokers Guy Carpenter & Company LLC, Willis Re and Aon Benfield issued the reports.

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