Brokers cite ‘significant improvement’ in Florida reinsurance rates ahead of 1.6
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Brokers cite ‘significant improvement’ in Florida reinsurance rates ahead of 1.6

Rachel Dalton
March 07, 2023
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Brokers have highlighted the “significant market movement” in Florida reinsurance rates in the past few years ahead of what is expected to be another difficult renewal period for cedants in the state.

Speaking on a panel at the Bermuda Risk Summit today, intermediaries said improvements to the assignment of benefits (AoB) system, re-rating and restructuring of programmes and last year’s legislative reforms have helped to stabilise the Floridian market.

Lara

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Rachel Dalton
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