In this episode we thought it would be interesting to discuss Florida market reinsurance renewal conditions, through the lens of our vantage point as analysts of the insurance-linked securities (ILS) and catastrophe bond market.
The Florida focused June 1st 2020 reinsurance renewal is fast approaching and using the ILS and cat bond market as a benchmark, it's clear that pricing and renewal rates are rising, in some quarters significantly.
We run through some of the reasons for this, looking back at market conditions across recent year's, as well as how transactions in the insurance-linked securities (ILS) market (specifically catastrophe bonds) provide a sign of the direction and rate of increase being seen in Florida reinsurance rates.
Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance