Fitch Ratings Forecasts 5% Drop in North American P&C Reinsurance Rates for January Renewals
Fitch Ratings projects a 5% reduction in reinsurance rates for North American property and casualty insurers at the upcoming January 1 market renewals. This anticipated rate adjustment reflects the current market trends impacting reinsurance costs. Industry stakeholders should prepare for this moderation in pricing dynamics as it may influence underwriting strategies and risk management frameworks in the P&C sector.