Florida treaty renewal fills up early as rates leap 30%-40%
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Florida treaty renewal fills up early as rates leap 30%-40%

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Floridian cedants are experiencing a less turbulent reinsurance renewal than last year as more capacity has been locked in ahead of the June 1 deadline, but the pricing environment is still tough, with most sources citing increases between 30% and 40%, this publication understands.

Reinsurers are set to secure the strong rate increases they were expecting, as reported earlier in May, alongside incrementally tougher terms and conditions that build on last year’s far tighter structures available to cedants.

This

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