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Reinsurance rate hardening continues – report

June 2, 2023

The reinsurance market continues to experience rate hardening, according to a report from global reinsurance broker Howden Tiger.

According to the report, risk-adjusted property-catastrophe pricing has increased by an average of 33% as of 1 June, falling within a typical range of 25% to 40%, with significant variations by layer. This follows a 25% uptick in 2022, bringing the index to its highest level since its inception.

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