Pushed up by limited capacity, U.S. property-catastrophereinsurance rates for April 1 renewals had increases up to 14percent for national programs, a reinsurance brokeragereported.
Guy Carpenter said reinsurers' capital has been crimped byinvestment losses.
Rates for national programs jumped between 10 percent and 14percent on a risk-adjusted basis, the firm said in a report lastweek. The report said the latest increases extend a trend thatbegan at the beginning of the year, noting that rates increased 11percent on average for Jan. 1 renewals.
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