Property catastrophe reinsurance rates fall in July, report says
LONDON (Reuters) – Global property catastrophe reinsurance rates ranged from being unchanged to falling by “mid- to high-single-digit” percentages in July, reinsurance broker Guy Carpenter said on Monday, following years of rising rates. Insurers tend to renew their reinsurance contracts on specific renewal dates, including on July 1. Reinsurance – insurance for insurers – in