Loss Control

Quiet Hurricane Season to Cause Reinsurance Rate Drop; Alternative Capital Here to Stay

Catastrophe-reinsurance pricing will likely see a low-double-digit drop at Jan. 1 renewals thanks to the quietest U.S. Atlantic hurricane season in decades, says Fitch. And a Fitch analyst says alternative capital, which is also pressuring rates, is likely here to stay even in the event of a major loss.