30 May 2024Reinsurance

Property cat cleared 6.1 on 5% rate cut, capacity greases upper layers

Property cat reinsurance treaties are clearing the June 1 renewals with rate on line down by an average of 5%, with capacity flowing most notably to the top end of reinsurance programmes, thanks in part to strong cat bond issuance, global reinsurance broker Howden Re has claimed.

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