Hannover Re: Property cat has hit pricing floor

Pricing in the global property catastrophe reinsurance market has
"bottomed out" as carriers are reaching a point where
they can no longer meet return hurdles, according to Hannover Re
CFO Roland Vogel.
After three years of price decreases it "no longer makes
sense" for reinsurers to provide capacity at this level of
pricing, Vogel told The Insurance Insider
following the publication of the reinsurer's results.
"The bottom seems to be reached," the CFO said.
"Not every call for price decreases..