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Property catastrophe reinsurance prices up 5% – 10% at June 1 renewal: HX

June 1, 2021

Risk-adjusted pricing for property catastrophe reinsurance was up by between 5% and 10% on average at the June 1st renewals, according to the latest data from HX, the data, analytics and advisory division of Howden Group Holdings.

Rate momentum was sustained at the reinsurance renewals, but the pace of increases slowed, with insurance-linked securities (ILS) capacity at higher layers one of the factors influencing the deceleration, according to HX.

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