Guy Carpenter: Global property cat RoL index up 5.4% year-on-year
Guy Carpenter’s global property cat rate-on-line index increased by 5.4 percent at the 1.1 renewal – including a 5.25 percent rise in the US and 7.6 percent increase in Europe – which the broker said was driven by regional loss activity, structure adjustments and ongoing scrutiny of pricing adequacy.