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Rate rises continue at July 1 renewals
01 July 2009
US reinsurance pricing at the July 1 renewals continued the trend set at the June 1 renewals, increasing by 10% to 15%, Aon Benfield reported.
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Aon Benfield
July 1 renewals
rate increases
US reinsurance pricing at the July 1 renewals continued the trend set at the June 1 renewals, increasing by 10% to 15%, Aon Benfield reported. The broker added that outside the US pricing trends were mixed at July 1.
In its Reinsurance Market Update – July 1, 2009, Aon Benfield reported that pricing and terms and conditions for property-catastrophe reinsurance in the US were similar to those experienced at June 1. Capacity for hurricane risk continued to be tight, although capacity demand eased as the Texas and Florida state-controlled insurers decided not to purchase reinsurance for the 2009 hurricane season.
Property per risk...
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