US WIND - Florida and early July renewals temper US cat expectations
With Florida insurers enjoying an easier-than-expected time at the 1.6 renewal of reinsurance programmes, all eyes are turning to 1.7 - which brings broader non-Florida specific US cat and international business into focus.
Adequate capacity in the Sunshine State is expected to carry across into ongoing negotiations for July-renewing business.
Significant headway has already been made, with many larger programmes out in the market early. Insureds looking to buy meaningful capacity have been eager not to be left fighting for...
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