Who deployed more capacity at Florida to squeeze rates?
A great deal has been written about the deadening impact of sidecars and insurance-linked securities funds on property cat pricing in Florida at 1 June, as renewal pricing dashed earlier hopes. However, the somewhat neglected side of the story is the decision on the part of a number of traditional reinsurers to put up more capacity in an effort to secure a greater share of a hot market.
Speaking on a recent earnings call RenaissanceRe CEO Neil Currie said: &qu...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
