Non-marine retro reinsurance rates rise up to 40%

Data from U.K.-based Hyperion Insurance Group Ltd.'s data and technology unit showed that rates for non-marine retrocessional reinsurance contracts were up by as much as 40% in the January renewals, Artemis reported. There was significant volatility in U.S. catastrophe exposed retrocession renewals, as well as loss affected aggregate layers of retro programs.

Source: Business Insurance