Early Florida renewal indicators lend weight to reinsurance rate easing fears

11 May 2021

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As firm-order terms for Florida reinsurance renewals start flowing to reinsurers, the early image appears to be that rates are coming in slightly below reinsurer expectations, as the market continues to settle after last year’s Covid-19 corrections.

The renewal has been much more orderly for many of the Florida domestics than last year’s hectic season, when reinsurers obtained more sweeping changes to terms, such as a withdrawal of cascading multi-event coverage.

But

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Early Florida renewal indicators lend weight to reinsurance rate easing fears

As firm-order terms for Florida reinsurance renewals start flowing to reinsurers, the early image appears to be that rates are coming in slightly below reinsurer expectations, as the market continues to settle after last year’s Covid-19 corrections.

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Early Florida renewal indicators lend weight to reinsurance rate easing fears

As firm-order terms for Florida reinsurance renewals start flowing to reinsurers, the early image appears to be that rates are coming in slightly below reinsurer expectations, as the market continues to settle after last year’s Covid-19 corrections.

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Uncover exclusive insights tailored for insurance leaders

Topics

QBE Re rebuilds in A&H with Canopius’s Brigstocke

BOC Aviation settles out of court with its aviation (re)insurers

Aon posts 5% Q1 organic growth and welcomes early NFP deal close

Ambridge accused of ‘toxic’ work environment by ex-employees MGA Devonshire founders

Convex in ‘evolution not revolution’ phase: Brand

Londonitis: Beazley and Hiscox should look hard at their London listings

The Week in 90 Seconds: Willis Re-boot; Q1 results; Broker start-ups