European Reinsurance Rates Rise by 50% at Jan 2022 Renewals

Some European property reinsurance rates rose by more than 50% at Jan. 1 renewals after the region suffered record insured losses last year from natural catastrophes such as floods and storms.
Flooding during July in Germany, Austria, Belgium and Switzerland caused over 12 billion euros ($13.55 billion) in insured losses, Gallagher Re said in the report on renewals on one of the most important dates in the reinsurance calendar.