US property cat pressure to continue into 2015: Swiss Re

US property cat reinsurance rates are likely to remain under
pressure in the 2015 renewals, according to Swiss Re.
In its 2015/16 outlook, the reinsurance giant cited the current
abundance of capital and low cat losses in the year to date as
drivers for the continued high level of competition.
However, at a briefing held today (25 November), the firm's
chief economist Kurt Karl said that Swiss Re expected the pace of
rate declines to decelerate after 2015.
"Prices have...