16 October 2017Insurance

Rates will now increase as reinsurers refill their depleted cat reserves

Reinsurance rates will increase almost across the board in the aftermath of losses from hurricanes Harvey, Irma and Maria as reinsurers “refill the buckets” in anticipation of future cat losses, Axel Freiboth, managing director, North America, Hannover Re, told PCI Today.

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Rates will now increase as reinsurers refill their depleted cat reserves

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