Tag: reinsurance

U.S. property reinsurance rates rise by up to 50% on Jan 1-broker says

LONDON (Reuters) – U.S. property catastrophe reinsurance rates rose by as much as 50% on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from natural disasters such as wildfires, storms and hurricanes. Reinsurers provide insurance for insurers and the prices they agree […]

U.S. property reinsurance rates rise by up to 50% on Jan 1-broker says

LONDON (Reuters) – U.S. property catastrophe reinsurance rates rose by as much as 50% on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from natural disasters such as wildfires, storms and hurricanes. Reinsurers provide insurance for insurers and the prices they agree […]