Guy Carpenter reviews the World Catastrophe Reinsurance Market 2009

Share

Guy Carpenter has issued it’s annual report on the state of the catastrophe reinsurance marketplace. The report entitled ‘World Catastrophe Reinsurance Market 2009’ finds that reinsurance rates have been increasing by an average of 8% through the 2009 renewals. They put this increase down largely to the financial crisis impact on reinsurers balance sheets and the impact of Hurricanes Ike and Gustav last year. Guy Carpenter doesn’t foresee much movement in rates at the upcoming January 2010 reinsurance renewals unless there is a major catastrophe or further financial setbacks.

The report is well worth reading in full as there is a lot of insight into how the catastrophe bond market is fairing including commentary on collateral solutions and some of the alternatives used so far this year.

Download the full report in PDF format here.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
SCOR extends mortality swap to cover H1N1 flu virus

SCOR Global Life SE has added a new layer of cover to their existing four year mortality swap deal with...

Close