LONDON- Global reinsurance premium rates are likely to rise by "low double-digit" percentage points at the key Jan 2021 renewal season, a Fitch analyst said on Wednesday.
"The higher increases will still continue to be in the U.S. and on the property side," Brian Schneider, Fitch's global head of reinsurance, told a webinar.
Claims from COVID-19 and natural catastrophes such as Hurricane Laura and Californian wildfires have contributed to expectations of higher rates, Schneider said.
(Reporting by Carolyn Cohn; editing by David Evans) ((carolyn.cohn@thomsonreuters.com; 44 207 542 6320; Reuters Messaging: carolyn.cohn.thomsonreuters.com@reuters.net))
