Cat-exposed property rates increase up to 30% in Q1: Gallagher
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Cat-exposed property rates increase up to 30% in Q1: Gallagher

Shelby Rosenberg
June 22, 2023
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The beleaguered property market still hasn’t found relief in 2023, as cat-exposed portfolios see average rate increases up to 30% in Q1, according to Gallagher’s latest insurance market report.

The hard reinsurance market and elevated cat losses continued to drive rate increases. In 2022, reinsurers shouldered more than $50bn in losses from Hurricane Ian and contended with a 12% decline in global capital, failing to earn their cost...

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Topics

News Rates Property Casualty/GL D&O (Directors and Officers)
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