Property cat rates down 3.7% at 1.1: Guy Carp

Global property cat reinsurance rates fell by 3.7 percent on
average at 1 January, according to Guy Carpenter's rate-on-line
index.
This compared to a fall of close to 9 percent a year
earlier.
However, while traditional reinsurance rate reductions slowed,
cat bond spreads moved "dramatically" in the fourth
quarter in response to lower deal volumes, with decreases as high
as 30 percent, the broker added.
Guy Carpenter said it was too early to judge what the impact of
these changes...