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Nomura: Jan.1 U.S. Reinsurance Renewal Pricing Could Be Down by 25%

January reinsurance renewal pricing for U.S. property-catastrophe risks could be down by as much as 15-25% in the United States and 5% in Europe and the U.K., according to research from Clifford Gallant, an equity analyst with Nomura investment bank.

By Bonnie Cavanaugh | Updated on December 13, 2013

January reinsurance renewal pricing for U.S. property-catastrophe risks could be down by as much as 15-25% in the United States and 5% in Europe and the U.K., according to research from Clifford Gallant, an equity analyst with Nomura investment bank.

Preliminary talks with brokers and underwriters indicate that prices are falling faster than was expected a month ago, he states. Casualty lines are generally flat worldwide.

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