At least 20% of Florida hurricane reinsurance limit not placed as of Friday: Stonybrook
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At least 20% of Florida hurricane reinsurance limit not placed as of Friday: Stonybrook

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More than $10bn of reinsurance limit was unplaced at the start of the US Memorial Day weekend, boutique investment bank/broking firm Stonybrook estimated.

Most domestic insurers – which placed more than $40bn of limit for the 2021 hurricane season – had placed less than 80% of their required external placements “and many far less than that”, the firm wrote in a 29...

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