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

23 November 2017

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Sizeable Q3 loss hit for Florida private market

10 November 2017

Four of the listed Florida insurers have ceded more than $1.2bn of third quarter catastrophe claims to their reinsurers, based on estimates from their quarterly disclosures.

These represented significant drawdowns on their reinsurance programmes - from 20 percent at FedNat to one third for HCI - as the storm had a widespread impact despite taking a favourable turn away from Miami.

Even though the Florida carriers were well reinsured for Hurricane Irma's strike on the state, their net losses from...


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