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Double-digit rise in property cat reinsurance rates for 2022, Fitch says

December 7, 2021

Fitch Ratings analysts forsee double-digit premium rate rises for property catastrophe cover in 2022, following an insured loss total of close to $100 billion in 2021 and the prospect of natural catastrophe claims increasing in frequency and severity.

In fact, reinsurance rates across catastrophe-related lines of business are expected to rise as much as 10% at the January renewals, supporting what Fitch Ratings analysts see as a sector with a positive outlook for 2022.

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