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Reinsurers Losing Edge to Capital Markets: Guy Carpenter

The capital markets have pushed traditional reinsures out of the driver's seat in setting U.S. catastrophe reinsurance rates, according reinsurance broker Guy Carpenter & Co.

By Mark E. Ruquet | Updated on July 10, 2013

Traditional reinsures are no longer in the driver’s seat setting U.S. catastrophe reinsurance rates as the capital markets continue to pour money into alternative vehicles and putting downward pressure on rates, according reinsurance broker Guy Carpenter & Co.

In its latest review of the July 1 renewal season, Guy Carpenter says despite catastrophe losses of approximately $20 billion for the first six months of this year, U.S. catastrophe programs witnessed “significant decreases” in pricing.

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