Global reinsurance rates flat to up 5% at 1.1: S&P

S&P has changed its view of pricing on 1 January renewals
and now predicts flat to 5 percent increases for global
reinsurance, reflecting the impact of third quarter catastrophes
expected to result in insured losses of more than $100bn.
Reinsurance rates will see double-digit increases in regions and
business lines directly affected by the cat losses, the ratings
agency added that in an analysis released today.
"Prior to the recent catastrophic events, we expected a 0
to 5 percent rate...