Property catastrophe pricing growth slows down at April renewals

According to Guy Carpenter & Co. LLC, property catastrophe rates increased at the April 1 reinsurance renewals for the third consecutive year although the average increase was the lowest in the past three years, Reinsurance News reported. Coverage for communicable diseases dominated the discussions, alongside cyber, as a result of the impacts of the COVID-19 pandemic on reinsurers, especially on the property and casualty side.

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