Some global property catastrophe reinsurance rates to fall 5% to 15% on Jan 1, broker says

LONDON : Global property catastrophe reinsurance rates will fall 5 per cent to 15 per cent on Jan. 1 for books of businesses which have not suffered losses, reinsurance broker Guy Carpenter said on Monday, as the market becomes more competitive after years of rate rises.Reinsurers insure the insurers, and