Irma loss creep backdrop to divided Florida renewal outlook
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Irma loss creep backdrop to divided Florida renewal outlook

Fiona Robertson
12 April 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
hurricane-irma.jpg
Photo: Alamy

Reinsurers are hoping for double-digit rate increases from the Florida reinsurance renewals, but brokers and cedants are suggesting that increases will be more restrained in line with earlier 2020 renewals.

Healthy reinsurance capital levels contrast with the poor financial state of local insurers, setting the scene for “a bit of a stand-off", as one underwriter phrased it.

“Underwriters

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

News Claims and losses Florida Renewals Analysis Hurricane Catastrophe losses
fiona robertson/fiona robertson ii ils.png
Fiona Robertson
Editor-in-Chief
Contact
Gift this article