Property catastrophe pricing down 5% at 6/1
Reinsurance broker says average risk-adjusted property catastrophe reinsurance rates-on-line declined 5% at the June 1 renewal period, falling within a typical range of -7.5% to -2.5%
Moderation in pricing comes amid a resurgence in dedicated capital supported by strong ILS inflows, but active hurricane season could increase upward pressure, Howden Re says