Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

4 February 2012

Florida pricing down 10-12%

1 June 2010

Guy Carpenter confirmed expectations of continued market softening after reporting risk-adjusted average reinsurance pricing falls of 10 to 12 percent at the 1 June Florida renewals.

The reinsurance broker said the decline was due to a "return of significant reinsurer capital into the marketplace" and brings pricing approximately back in line with 2008 levels.

Guy Carpenter said that 2010 firm order terms averaged a decrease of 5-7 percent in the lower layers - where it said capacity was less abundant...

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