Guy Carpenter had some good reinsurance news for Florida today. In a Briefing report, the global risk and reinsurance specialist noted that Florida capacity has "returned in abundance," and "pricing continued its 2010 trend of price declines and dropped year over year on a risk adjusted basis by 10 percent to 12 percent on average. This drop returns pricing to a level close to that seen in 2008, particularly in upper layers."
The Guy Carpenter report is available at http://www.guycarp.com/portal/extranet/insights/briefingsPDF/2010/June_1_Florida.pdf?vid=1.
The Guy Carpenter report is available at http://www.guycarp.com/portal/extranet/insights/briefingsPDF/2010/June_1_Florida.pdf?vid=1.
