Property cat rates fall again at June, July: Willis Re

Property catastrophe reinsurance rates continued their downward
trajectory at the June and July renewals, with buyers generally
securing rate reductions in the low-to-mid single digits, according
to Willis Re.
Loss-free US property cat rates renewed down by 2.5 to 7.5
percent as the lack of major catastrophe loss activity and abundant
capital continued to drive the soft market, the reinsurance broker
said in its 1st View report, published today.
The rate reductions achieved this year were genera