Guy Carp issues annual Cat report; rates down by 6%

Thursday, September 6th, 2007 Catastrophe Risk Management

Guy Carpenter & Company, LLC has published its annual, comprehensive study of the global property catastrophe reinsurance market - "The World Catastrophe Reinsurance Market: New Capital Stabilizes Market." The report covers 23 countries and four regions, representing more than 90 percent of the worldwide market for catastrophe reinsurance. It found that the catastrophe reinsurance market is stabilizing following a tumultuous renewal cycle in 2006. "Globally, rates dropped by six percent in 2007, versus an increase of 32 percent in 2006," said the bulletin.

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http://www.insurancejournal.com/news/international/2007/09/06/83228.htm

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