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

23 April 2018

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Irma reveals diverging Florida fortunes

13 April 2018

A group of 56 Florida homeowners' insurers reported a $407mn aggregate underwriting loss for 2017, equivalent to a 10.4 percent average hit to year-end 2016 surplus.

But individual company results varied widely, with some firms requiring significant additional capital after taking heavy underwriting losses, analysis of statutory filings by sister publication The Insurance Insider has shown.

Some 18 carriers in the group disclosed underwriting losses that were double the average, at 20 percent or more of 2016 surplus.

A company-by-company...

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