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Insurers “dodge a bullet” as renewal pricing spread too narrow

May 26, 2021

Primary insurers in Florida and elsewhere that are renewing their reinsurance programs for June 1st 2021 are set to come out of the renewal season largely unscathed, as reinsurance pricing faltered and came in below expectations, analysts at JMP Securities have confirmed.

As a result, the analysts say some insurers have dodged a bullet, as reinsurance renewal pricing and conditions could and perhaps should have been much worse for them, when you consider their performance over recent accident years.

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