GC: Global cat rates near-flat to up 30% with pressure on casualty at 1.1
Published: Mon 8 Jan 2024
The 1 January property market has seen global cat risk-adjusted rate changes averaging from near-flat to single-digits up for loss-free programs and 10-30 percent for those impacted by losses, as there was also pressure on quota share cedes and excess of loss pricing in casualty, according to Guy Carpenter.