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US property cat reinsurance rates-on-line up 30.1% at January renewals: Guy Carpenter

February 2, 2023

The Guy Carpenter U.S. Property Catastrophe Rate on Line Index increased by a significant 30.1% at the January 2023 reinsurance renewals, taking rates to an all-time high, according to the latest data from the global reinsurance broker.

Guy Carpenter, which is Marsh McLennan’s reinsurance broking arm, has been maintaining its proprietary index of U.S. property cat reinsurance rate-on-line (RoL) movements, on brokered excess of loss placements, since 1990.

It covers U.S. property catastrophe reinsurance renewals and is updated after the January 1st and July 1st renewal seasons reflecting the full year, by calculating the change in RoL year-over-year across the same renewal base.

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