The Hanover cat programme prices down 5%

The Hanover Insurance Group has put out firm order terms on its
1 July-renewing core cat programme that suggest an average rate
reduction of around 5 percent, The Insurance
Insider can reveal.
According to sources, the multi-year structure of the Guy
Carpenter-placed excess-of-loss reinsurance cover is in line with
last year's, with the broker requesting authorised lines from
reinsurers this week.
There are four layers offering $900mn of
protection above a $200mn retention, placed on a multi-yea