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U.S. property reinsurance rates rise up to 30% at July renewals: Willis – Metro US

U.S. property reinsurance rates rise up to 30% at July renewals: Willis

New York City during the coronavirus outbreak
New York City during the coronavirus outbreak

LONDON (Reuters) – Property reinsurance rates in the United States rose as high as 30% during renewals in June and July, following years of heavy natural catastrophe losses, data from broker Willis showed on Wednesday.

Rates in the hurricane-prone Florida region, rose by as much as 35%, it added.

(Reporting by Simon Jessop; editing by Dhara Ranasinghe)

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