Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Contrary to the expectations of many primary carriers, reinsurers have not drastically raised property-catastrophe rates this year— despite unprecedented disaster-related losses worldwide, and near-record losses domestically, in 2011.

And rates for property-per-risk and casualty treaties are “still pretty flat,” says David Flandro, head of global business intelligence at Guy Carpenter & Co., a major reinsurance intermediary.

At its Jan. 1 renewal, Philadelphia Insurance Cos. faced a low-single-digit-percentage rate hike for its catastrophe-property reinsurance, according to Cole Henry, senior vice president of corporate underwriting.

Henry described the renewal rates as “attractive,” because he had anticipated a multiple of the actual increase.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.