Insight and Intelligence on the London & International Insurance Markets 24 Jul 2017
Rates continue to slide in June and July renewals: Willis Re
- 4 July 2017
Willis Re's 1st View report on the June and July renewals provided further evidence that the property catastrophe market is yet to reach an inflection point on pricing.
Click to enlarge Property cat buyers were generally able to secure further rate reductions during the period, albeit to a lesser extent compared to a year ago.
On the whole, loss-free property cat rates fell in the low-to-mid single digits, with some outliers - namely Florida - posting larger declines.
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