Amlin's catastrophe renewals see large rate increases

The Lloyds' (re)insurers' syndicate 2001 wrote 2% less in 2005 than 2004 after taking into to account the reinstatement premiums. It said the average renewal-rate reduction for 2005 was 4%, weighted across premium by business class.Amlin's US catastrophe reinsurance renewals have seen rate increases averaging approximately 15%, with larger increases being experienced in wind-exposed regions. Amlin said it expects this will increase as the major wind-exposed programmes are renewed.The interna