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

24 March 2018

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Softer Florida renewal leads to retro stasis

16 June 2017

Despite a softer-than-expected 1 June Florida renewal, hedging activity in the industry loss warranty (ILW) market has been slow, with buyers holding back amid a glut of capacity, sources said.

On the reinsurance side, lower demand was also a factor as rates dropped 5 percent or more on a risk-adjusted basis at the 1 June renewal, as this publication has previously reported.

The rate of softening increased towards the end of May, with offered capacity being signed down across all...

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