Irma loss creep backdrop to divided Florida renewal outlook
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Irma loss creep backdrop to divided Florida renewal outlook

hurricane-irma.jpg
Photo: Alamy

Reinsurers are hoping for double-digit rate increases from the Florida reinsurance renewals, but brokers and cedants are suggesting that increases will be more restrained in line with earlier 2020 renewals.

Healthy reinsurance capital levels contrast with the poor financial state of local insurers, setting the scene for “a bit of a stand-off", as one underwriter phrased it.

“Underwriters

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