Property cat rates up 33% at 1.6: Howden Tiger

01 June 2023

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Risk-adjusted pricing for property catastrophe cover increased by 33% on average at the June renewals, within a typical range of 25% to 40%, according to Howden Tiger.

The range of price-increases include “important variations by layer”, the intermediary said, with rate hikes underpinned by “enduring low levels of capital to risk”.

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Property cat rates up 33% at 1.6: Howden Tiger

Risk-adjusted pricing for property catastrophe cover increased by 33% on average at the June renewals, within a typical range of 25% to 40%, according to Howden Tiger.

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Property cat rates up 33% at 1.6: Howden Tiger

Risk-adjusted pricing for property catastrophe cover increased by 33% on average at the June renewals, within a typical range of 25% to 40%, according to Howden Tiger.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM